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Michael Saylor’s MicroStrategy Spends $150 Million to Add to Bitcoin Stockpile
MicroStrategy Inc., the company best known as the largest publicly traded holder of Bitcoin, added to its hoard of the world’s largest cryptocurrency in the past two months, using stock sales to help fund the almost $150 million worth of purchases. The enterprise-software maker co-founded by crypto proponent Michael Saylor bought 5,445 Bitcoin between Aug. 1 and Sept. 24 at an average price of $27,053 per token, according to a filing Monday with the US Securities and Exchange Commission. The purchases came as Bitcoin traded in a range of $25,000 to $30,000; the coin is up almost 60% this year. MicroStrategy started ... (full story)
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- Posted: Sep 25, 2023 12:08pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 160
