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    MSTR Invests an Additional $109 Million to Acquire 1,229 BTC

    Ethan CarterBy No Comments1 Min Read
    MSTR Invests an Additional $109 Million to Acquire 1,229 BTC



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    MicroStrategy (MSTR), the largest publicly traded holder of Bitcoin, BTC$87,195.85 resumed its buying of Bitcoin after increasing its U.S. dollar reserves to $2.2 billion last week.

    The firm acquired 1,229 Bitcoin for $108.8 million, averaging $88,568 per coin, as revealed in a filing issued on Monday morning.

    Its total Bitcoin holdings now stand at 672,497 BTC, acquired at a cost of $50.44 billion, with an average purchase price of $74,997 per Bitcoin.

    This latest acquisition was funded through the sale of $108.8 million in Class A common stock.

    MSTR shares fell 1% in premarket trading to $157 per share, while Bitcoin traded around $87,000.

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    Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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