MicroStrategy (MSTR) has acquired an additional 11,931 Bitcoins for $786 million, averaging $65,883 per Bitcoin, according to a regulatory filing with the SEC on Thursday. Founder and Executive Chairman Michael Saylor revealed that the company has invested approximately $8.33 billion to amass a total of 226,331 Bitcoins, averaging $36,798 per coin.
This purchase follows MicroStrategy’s recent $500 million fundraising effort through convertible senior notes due in 2032, which was later increased by 40% to $700 million. The company indicated the funds would be used to buy more Bitcoin and for general corporate purposes.
MSTR shares rose over 2% in premarket trading Thursday.
