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MicroStrategy acquires 6,220 Bitcoin for $740M
MicroStrategy Incorporated, doing business as Strategy, acquired 6,220 Bitcoin at an average price of $118,940, with a total value of $739.8 million between July 14 and 20, according to a filing submitted by the company to the United States Securities and Exchange Commission (SEC). A total of 1,636,373 of the company's common shares were sold during the same period for $736.4 million, in addition to STRK, STRF, and STRD At-The-Market (ATM) shares, which were used to fund the purchase. With the latest purchase, the amount of Bitcoin currently held by the American business intelligence company reached 607,770 at an ... (full story)
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