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MicroStrategy Acquires 10,107 BTC for $1.1 Billion

MicroStrategy Acquires 10,107 BTC for $1.1 Billion

Between January 21 and 26, MicroStrategy acquired an additional 10,107 BTC for approximately $1.1 billion at an average price of about $105,596.

According to the K-8 form, the firm financed its cryptocurrency purchases through the proceeds from the sale of 2,765,157 shares. Securities worth $4.35 billion remain available for issuance and sale.

As of January 26, MicroStrategy increased its bitcoin reserves to 471,107 BTC. Since August 2020, the company has invested $30.4 billion in the leading cryptocurrency, with an average purchase price of $64,511 per coin.

At the time of writing, the price of digital gold stands at around $101,300.

The company also announced plans to sell 2,500,000 shares of MicroStrategy Series A. The proceeds will be used for operational expenses, including the purchase of bitcoin.

Earlier, on January 24, MicroStrategy announced the repurchase of convertible bonds worth approximately $1.05 billion, maturing in 2027.

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