MicroStrategy will buy $4.46 billion worth of bitcoins, increasing its assets to nearly $3.30 billion.
MicroStrategy today announced that it acquired 11 bitcoins as part of a series of purchases made between 11-11 and 17-51,780, paying an average of 1 #bitcoin for 8,88,627 coins. This brings its total assets to 331,200 #BTC , which at the current price is about $300 billion.
the latest purchase follows 10bitcoins' previous acquisition between 11/31 and 10/27/2009, after co-founder Michael Saylor announced a possible acquisition of bitcoins.
To finance the acquisition, #MicroStrategy signed purchase and sale contracts with several investment banks, including TD Securities, and the company sold 11 million shares between Sept. 11 and Sept. 13, according to SEC filing number 1360. Under the agreement, the company can issue and sell about $115.3 billion worth of shares.
Last month, Sailor announced an ambitious goal to make MicroStrategy the leading bitcoin bank by using financial tools to increase funds in bitcoins.
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