MicroStrategy Buys Bitcoin, Increases USD Reserve

MicroStrategy's investment arm, Strategy, has purchased an additional 1,587 bitcoin for around $100 million, bringing its total holdings to 846,842 BTC. The average acquisition price was $63,024 per bitcoin. Concurrently, the company bolstered its USD Reserve to $1.1 billion by selling common stock. This dual action indicates a strategy to fund ongoing bitcoin accumulation and cover financial obligations, such as preferred dividends and debt interest, through equity issuance. MicroStrategy continues to be the largest corporate holder of bitcoin, representing approximately 4% of the total supply.