Strategy Buys 13,390 BTC for $1.34B, Now Holds 568,840 Bitcoins Worth Over $59 Billion.

What happened?

A company called Strategy (also known as MicroStrategy) bought 13,390 more $BTC They spent $1.34 billion for it — that’s about $99,856 per $BTC

How did they get the money?
They raised the money by:

• Selling some of their company’s shares (common stock)

• Issuing special preferred shares (STRK)

  What’s their total Bitcoin now?
  Now, Strategy owns a total of 568,840 Bitcoins. With Bitcoin’s current price around $104,000, their total Bitcoin is worth over $59 billion.

Why is this important?
MicroStrategy is one of the biggest companies investing heavily in Bitcoin. Their average buying price for all the Bitcoins they own is $69,287, which means they’re currently in profit since Bitcoin is above that price.