MicroStrategy Further Boosts Bitcoin Portfolio, Plans $750M Stock Sales
Virginia-based software firm MicroStrategy has added to it’s bitcoin holdings, revealing that it now holds a staggering 152,800 BTC, amounting to an investment of $4.53 billion. The NASDAQ-listed company made the announcement in their second-quarter financial results released Tuesday, adding that they intend to further increase their bitcoin holdings using proceeds from sales of common stock amounting to $750 million. MicroStrategy (Nasdaq: MSTR) has demonstrated a strategic commitment to the asset. During Q2, the firm purchased an additional 12,800 bitcoins for $361.4 million, averaging a price of $28,233 per BTC. This announcement ups the firm’s total holdings to 152,800 bitcoins,