🚀 MicroStrategy Expands Its Bitcoin Portfolio!
MicroStrategy (MSTR) continues to keep its finger on the pulse of the crypto world. The company came to the fore with the official document it submitted to the Securities and Exchange Commission (SEC) on Thursday. Here are the details:
🔍 Purchasing Strategy:
It purchased an additional 11,931 coins for $786 million, with an average purchase price of $65,883 for each Bitcoin.
He invested approximately $8.33 billion to reach a total of 226,331 Bitcoins.
The average investment cost per Bitcoin was calculated as $36,798.
📈 Funding and Goals:
The previous week, it secured capital to invest in Bitcoin with a $500 million convertible bond issue.
It later increased its funding target by 40% to $700 million.
This capital will be used to purchase additional Bitcoin and meet general business needs.
📊 Increase in Share Value:
MSTR shares gained more than 2% on the market before official trading hours on Thursday.
This strategic move by MicroStrategy had a great impact in the crypto world. What are you thinking? 💡
#escoin #elg $BTC
