Strategy buys $472.5M worth of bitcoins last week
Main Idea
MicroStrategy purchased 4,225 bitcoins for $472.5 million, increasing its total holdings to 601,550 bitcoins acquired for $42.87 billion.
Key Points
1. MicroStrategy bought 4,225 bitcoins (BTC-USD) for $472.5 million between July 7 and July 13.
2. As of July 13, the company's total bitcoin holdings reached 601,550, with an aggregate purchase price of $42.87 billion.
3. Bitcoin (BTC-USD) was trading at $121.7K at the time of reporting.
4. MicroStrategy's stock (MSTR) gained 2.7%.
Description
More on Strategy Strategy Stock: A Leveraged Way To Play Bitcoin Strategy: The Rising Cost To Common Stockholders MicroStrategy Preferred Stocks Explained MicroStrategy announces $4.2B STRD at-the-market program Strategy made no bitcoin purchases last week
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