Main meals
- Microstrategy bought 10,107 Bitcoin for about $ 1.1 billion in the past week.
- Bitcoin Treasury Company, which was generally traded, has 471,107 Bitcoin purchased, with a value of $ 47 billion at current prices.
- Last week, Microstrategy’s shareholders voted to increase the number of Category A to 10.3 billion.
- Separately, Microstrategy also plans to introduce 2500,000 in new shares of Serostrate’s Series a Perpetual Strike Pustrock for the purpose of purchasing more Bitcoin.
Microstrategy (MSTR) did not show any signs to slow Bitcoin and bought one billion dollars of Bitcoin (BTCUSD) last week.
The company continued to bend the cabinet muscles in Bitcoin, with the purchase of 10,107 Bitcoin for about $ 1.1 billion during the past week. This last acquisition reaches the company’s total biases to 471,107 Bitcoin.
Microstrategy uses stock sales and debt version to finance Bitcoin purchases, where this twelfth week was announced in a row. The company has issued nearly 2.76 million shares to finance the purchases of last week.
This last step also coincides with the approval of the shareholders to increase the accredited number of category joint shares to 10.3 billion arrows from favorite stocks to one billion. In addition, the company announced a 2,500,000 shares of Microstrate’s Series a Perpetual Stirke on Monday.
While the Microstratete’s approach to Bitcoin as the origin of a wardrobe inspired other companies circulating to the public, such as Maathon Digital (MARA) and Seemler Scientific (SMLR), to do the same, he also called for scrutiny regarding its strategy with a trust debt as much as possible as possible.
Microstrategy stock, which is often considered a 4 % Bitcoin agent, decreased by 4 % in the last trading and Bitcoin slipped to less than $ 100,000 amid a wider sale in encryption and stock markets.
