MicroStrategy bought 10,107 BTC at an average price of 105,596 USD per coin, totaling about 1.1 billion USD. This brings the number of BTC held to 471,107, with a total cost of around 30.4 billion USD at an average of 64,511 USD per Bitcoin.
To support these Bitcoin acquisitions, MicroStrategy is utilizing funds from the sale of 2,765,157 shares and has approximately 4.35 billion USD left to raise through its 21/21 plan aimed at achieving a total raise of 42 billion USD.
Recent votes by shareholders enabled an increase in authorized stocks, facilitating further Bitcoin acquisitions. The company is also redeeming 1.05 billion USD in convertible notes to manage debt while navigating uncertainties due to new accounting rules.