#MicroStrategyAcquiresBTC Microstrategy's Bitcoin-acquisition strategy involves issuing shares and then acquiring BTC with the proceeds, which helps to drive Bitcoin's price further and by extension pumps the MSTR share price.

MSTR shares are up over 9% in pre-market trading at $ 295.

The latest acquisition of 27,200 has already banked over $ 200 million in profit, given they were acquired at an average price of $ 74,463 apiece and have appreciated nearly $ 8,000 per coin.