Major Announcement: Strategy's Significant Bitcoin Acquisition

2a:T6e7, Major Announcement: Strategy's Significant Bitcoin Acquisition

MicroStrategy has made headlines by acquiring 10,624 BTC for a total of $962.7 million, translating to an average cost of $90,615 per bitcoin.

The funding for this significant purchase comes from an "at-the-market-offering" (ATM) of common equity and sales of STRD preferred shares. With this latest acquisition, MicroStrategy's total Bitcoin holdings have reached 660,624 BTC, acquired at an average cost of $74,696 per bitcoin.

Key Points

Massive Purchase: MicroStrategy's recent buy of 10,624 BTC is the largest for the fourth quarter.
Previous Purchases: This acquisition surpasses the firm's previous purchase of 8,178 BTC on November 17 and the smaller weekly purchases ranging between 168 to 525 BTC in October and November.
Market Impact: Despite the scale of the purchase, Bitcoin's price remains around $92,000.
Stock Performance: Following the news, MicroStrategy's stock (MSTR) rose by 3% in pre-market trading.

This recent purchase marks the largest Bitcoin acquisition ever made by this Virginia-based business intelligence firm. Nonetheless, the considerable transaction has had minimal effect on the Bitcoin market price, which continues to hover just under $92,000. In the wake of the announcement, MSTR shares showed a positive movement, increasing by 3%.