MicroStrategy Makes Historic Bitcoin Acquisition
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MicroStrategy has significantly expanded its Bitcoin holdings, making a record-breaking purchase valued at $4.6 billion.
According to a filing with the Securities and Exchange Commission (SEC) on Monday, the company acquired approximately 51,780 Bitcoin between November 11 and November 17.
This latest purchase adds to their recent acquisitions of over 27,000 Bitcoin between October 31 and November 10, as well as two substantial transactions completed in September.
As of now, MicroStrategy’s total Bitcoin reserves have reached an impressive 331,200 tokens, underscoring the firm’s aggressive strategy in building its cryptocurrency portfolio.
The company has also announced plans to raise $1.75 billion through convertible debt, with the intent to invest even further in Bitcoin.
This bold approach has significantly influenced MicroStrategy’s stock performance, which has surged by an astonishing 400% year-to-date.
The company continues to solidify its position as one of the leading corporate holders of Bitcoin, further aligning its financial strategy with the growth of digital assets in global markets.
Data: eToro, FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener