"According to a U.S. Securities and Exchange Commission filing on Monday, the company acquired 196 BTC for $22.1 million at an average price of $113,048 per coin. The purchase, funded through both an at-the-market stock program and perpetual preferred stock issuance, Strategy's ninth consecutive week of Bitcoin accumulation. With this latest buy, Strategy now holds 640,031 BTC, acquired at an aggregate purchase price of $47.35 billion-or an average of $73,983 per coin."
"Bitcoin bounced back on Monday, recovering from recent multi-week lows as fresh signs of accumulation by large holders helped stabilize the market after last week's steep outflows. The world's largest cryptocurrency is trading near $112,300, rebounding from a three-week low below $109,000 hit just days ago. Last week, Bitcoin fell more than 5% under the weight of heavy liquidations and selling pressure."
MicroStrategy acquired 196 BTC for $22.1 million at an average price of $113,048 per coin, funding the purchase through an at-the-market stock program and perpetual preferred stock issuance. The purchase marks the ninth consecutive week of Bitcoin accumulation and brings MicroStrategy's holdings to 640,031 BTC at an aggregate cost of $47.35 billion, an average of $73,983 per coin. Bitcoin briefly dipped below $109,000 before rebounding to about $112,300, recovering from multi-week lows after heavy liquidations. Institutional interest has intensified, corporate treasuries now hold over 1 million BTC, and MicroStrategy's co-founder reiterated a bullish year-end outlook.
Read at Bitcoin Magazine
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