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Microstrategy by Michael Saylor finalized his twelfth Bitcoin purchase in 12 weeks, obtaining 10,107 BTC for $ 1.1 billion. The biggest Bitcoin company holder now has 471,107 BTC.
Michael Saylor’s microstrategie reaches 471 107 BTC
Microstrategy revealed in a press release that it bought 10,107 BTC for $ 1.1 billion at an average price of $ 105,596 per Bitcoin, reaching a BTC yield of the year (YTD) of 2.90%. With this last purchase, Microstrategy now holds 471,107 Bitcoin, according to Michael Saylor’s latest tweet.
The acquisition followed the purchase of 11,000 BTC last week for $ 1.1 billion, marking the twelfth consecutive week, Microstrategy bought Bitcoin. So far, the software company has acquired Bitcoin for $ 30.4 billion at an average price of $ 64,511 per Bitcoin.
The MSTR action course did not respond positively to the recent purchase of Bitcoin. According to NASDAQ data, the action is down more than 4% in pre-commercial trade.
However, this decrease is linked to the overall lowered feeling on the cryptography market. Deep concerns have caused a drop in actions like Mara, Coin and MSTR. This drop occurs alongside the slowdown in the larger cryptography market, while investors react to uncertainty surrounding Chinese depth.
Microstrategy to acquire more bitcoin
The company plans to acquire more bitcoin in the future, following a recent shareholder vote to increase share capital to support its Bitcoin strategy.
This is part of the “21/21” plan of the company which aims to raise $ 42 billion for additional bitcoin purchases. The company plans to guarantee $ 21 billion in equity and $ 21 billion in fixed income securities.
Recently, Microstrategy has filed a file to collect funds through mixed securities to buy more bitcoin and support its commercial activities. The company also announced its scholarship proposal.
The company plans to use the net product of the public offer for general purposes, in particular the purchase of Bitcoin and the working capital.
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