Executive Chairman Michael Saylor Announces a Bitcoin Purchase of $742.4 million
The company, formerly known as MicroStrategy, now holds 478,740 BTC.BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033
The company didn't buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company, the bitcoin purchases were made using proceeds from the sale of shares under the sales agreement and the perpetual preferred equity offering of Strike .the purchase announcement once again on Sunday, as he has for the past few months: "Death to the blue lines. Long live the green dots.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTC Price News: Jim Cramer Says Hold Bitcoin (BTC), Not MicroStrategy (MSTR)In January 2024, Cramer said that bitcoin was likely topping out and called for an exit. The asset has surged more than 100% since.
Read more »
MicroStrategy Drops ‘Micro’ From Name After Record BTC Buying QuarterCrypto Blog
Read more »
Bitcoin (BTC) in Focus as MicroStrategy (MSTR) RebrandsThe company said that the name change was a “natural evolution” given its strong focus on bitcoin.
Read more »
MicroStrategy Nears $42 Billion Bitcoin Acquisition Goal, Reports Strong BTC YieldMicroStrategy, the largest corporate holder of bitcoin, announced it has nearly reached its ambitious $42 billion capital raising goal for bitcoin acquisitions. The company has purchased 218,887 bitcoins for $20.5 billion since the end of the third quarter, bringing its total holdings to 471,107 bitcoins. MicroStrategy revealed a plan to issue $42 billion in securities between 2025 and 2027, and the firm's aggressive buying spree during the post-election cryptocurrency rally suggests the plan may be accelerating.
Read more »
MicroStrategy's Saylor Reveals What Bitcoin (BTC) Really IsMichael Saylor recently affirmed what Bitcoin is really, responding to DOJ's claim that money is not private property in legal case
Read more »
MicroStrategy Purchases Another 10.1K Bitcoin for $1.1B, Taking Holdings to 471,107 BTCMicroStrategy has added to its bitcoin stash for 12 consecutive weeks.
Read more »