#MicroStrategyAcquiresBTC

From January 21 to 26, MicroStrategy purchased an additional 10,107 BTC for $1.1 billion at an average price of about $105,596.

According to Form K-8, the firm financed the cryptocurrency purchases with proceeds from the sale of 2,765,157 shares. Securities worth $4.35 billion remain available for issuance and sale.

As of January 26, MicroStrategy has increased its Bitcoin reserves to 471,107 BTC. Since August 2020, the company has invested $30.4 billion in the first cryptocurrency, with an average purchase price of $64,511 per coin.

At the time of writing, the price of digital gold is about $101,300.

The company also announced plans to sell 2,500,000 MicroStrategy Series A shares. The proceeds will be used for operating expenses, including the purchase of bitcoin.

As a reminder, on January 24, MicroStrategy announced the redemption of convertible bonds worth about $1.05 billion, maturing in 2027.