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MicroStrategy buys 4,225 Bitcoin for $472.5 million
MicroStrategy Incorporated, doing business as Strategy, acquired 4,225 Bitcoin for roughly $472.5 million in cash in the week between July 7 and July 13, according to the company's Securities and Exchange Commission (SEC) filing released on Monday. The company said it bought Bitcoin at an average price of approximately $111,827 per Bitcoin, which included fees and expenses. It used proceeds from the sale of 797,008 of its common shares, which were sold for $330.9 million, and its various preferred shares, including STRK, STRF, and STRD At-The-Market (ATM) programs. After this latest purchase, MicroStrategy and its ... (full story)
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