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Michael Saylor's Strategy buys Bitcoin worth $1.92 billion
On March 31, Bitcoin evangelist Michael Saylor's Strategy (Nasdaq: MSTR), formerly MicroStrategy, announced the acquisition of 22,048 Bitcoin worth $1.92 billion. The company said that its Bitcoin purchases were made using proceeds from the common MSTR at-the-market (ATM), preferred STRK ATM, and STRF stock offerings. The MSTR was trading at $282, the STRK stock was trading at $84, and the STRF stock was trading at $92 in pre-market hours. The recent purchase has been made between March 24 and March 30, with one Bitcoin costing the company $86,969. As of March 30, Strategy now holds 528,185 Bitcoin worth around ... (full story)
