@999eth
MicroStrategy Buys Nearly $1 Billion More in Bitcoin, What's Next for the Market?
MicroStrategy (MSTR) has resumed its aggressive Bitcoin buying cycle after a week-long pause.
The company's buying activity last week was primarily financed through the sale of common stock.
Over the past week, the company accumulated an additional 10,624 BTC, valued at $962.7 million, at an average price of approximately $90,615 per BTC, which is close to the current trading level of around $90,428 per BTC.
MSTR continues its large-scale accumulation strategy, adding over 10,000 BTC in just one week.
MicroStrategy financed this new round of BTC purchases by selling $928.1 million in common stock and $34.9 million in STRD preferred stock.
To date, the company holds a total of 660,624 BTC, acquired at a total cost of $49.35 billion (average price of $74,696 per BTC).
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