MicroStrategy Sells $209M Stock While Buying $100M in Bitcoin

robot
Abstract generation in progress
MicroStrategy bought 1,587 BTC for $100 million between June 8 and June 14. The company sold $209 million of common stock, more than twice the amount spent on Bitcoin. MicroStrategy lifted its U.S. dollar reserve to $1.1 billion for preferred dividends and debt interest. Strategy now holds 846,842 Bitcoin at a blended cost of $75,656 per coin.
BTC4.69%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned