MicroStrategy Buys More Bitcoin, Holdings Exceed 846,000

MicroStrategy's investment arm, Strategy, has acquired an additional 1,587 bitcoin for approximately $100 million, bringing its total holdings to 846,842 BTC. The average purchase price for this latest acquisition was $63,024 per bitcoin. This move comes as the company also increased its USD Reserve by $100 million to $1.1 billion through the sale of common stock. This strategy allows MicroStrategy to fund its bitcoin accumulation and meet financial obligations without depleting its existing bitcoin reserves or cash.