Episode Details
Back to EpisodesMicroStrategy Buys 1,031 More Bitcoin
Description
MicroStrategy, the leading public company holding Bitcoin, recently acquired an additional 1,031 coins, bringing their total to 762,099. This purchase, valued at $76.6 million, was funded solely through the sale of their class A common stock, unlike previous mixes with preferred equity. This acquisition marks a smaller move compared to the prior weeks purchases. Despite a 7% paper loss, MicroStrategy remains committed to stacking Bitcoin, signaling confidence in its long-term value.
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