MicroStrategy, the software company best known for its Bitcoin holdings, has purchased more of the digital asset and may raise additional funds through the sale of new shares.
The company said in its filing that it purchased an additional 16,130 bitcoins between Nov. 1 and Nov. 29 for $593.3 million, at an average price of $36,785 per token. Founder and Chairman Michael Saylor said: post In
The company said it could raise up to $750 million through the sale of new Class A common stock.
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About the author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.