MicroStrategy buys nearly $800 million worth of Bitcoin, shares up By Investing.com

₿ Cryptocurrency

MicroStrategy (MSTR) has increased its Bitcoin holdings by purchasing an additional 11,931 coins for $786 million, at an average price of $65,883 per Bitcoin, the company’s regulatory filing with the Securities and Exchange Commission (SEC) showed on Thursday.

According to Michael Saylor, the company’s founder and executive chairman, MicroStrategy has spent approximately $8.33 billion to accumulate a total of 226,331 Bitcoin, averaging $36,798 per Bitcoin.

The move follows the company’s announcement last week of raising $500 million to buy Bitcoin through the sale of convertible senior notes due in 2032.

Shortly thereafter, MicroStrategy raised its initial target by 40% to $700 million, indicating that the funds would be used to acquire more Bitcoin and “for general corporate purposes.”

MSTR shares more than 2% in premarket trading Thursday.

Source link

₿ Cryptocurrency

Solana leads crypto downturn as Block Inc. shares surge By Investing.com

6 months ago

₿ Cryptocurrency

Ripple maintains commitment to XRP amidst expansion and legal challenges By Investing.com

6 months ago

₿ Cryptocurrency

Binance expands futures offerings with TWTUSDT perpetual contract launch By Investing.com

6 months ago

Best Brokers

InstaForex

Unmatched trading fees, generous bonuses, top notch Regulation Frame.

Read Review

Visit Broker

T&Cs Apply

Risk disclosure: All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage.

Trade Nation

Top-Tier Regulations. Unmatched Spreads and Commissions. Trading View is available.

Read Review

Visit Broker

T&Cs Apply

Financial Spread Trades and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.7% of retail investor accounts lose money when trading CFDs with this provider.

Doto

Modern and Intuitive Interfaces, Solid Regulatory Frame, and excellent Trading Fees.

Read Review

Visit Broker

T&Cs Apply

Risk warning: Trading derivatives is highly speculative, carries an inherent risk of loss and is not suitable for all investors. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings.

Vantage

Highly Regulated. Low Spreads and Commissions. Vast Account Options.

Read Review

Visit Broker

T&Cs Apply

Risk Warning: Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment.

Disclaimer: Content on whatsthebestbroker.com is for informational purposes only and not intended as financial, investment, or trading advice. Decisions based on information provided here are the sole responsibility of the user. Remember, financial market investments are inherently risky and can result in significant losses. whatsthebestbroker.com receives remuneration from advertisers, but this does not influence our content integrity. By using this site, you agree to hold whatsthebestbroker.com and its affiliates harmless against any claims for damages arising from any decisions based on such information.