MicroStrategy Buys 520 Bitcoin for $35 Million, Builds $1.4 Billion Cash Reserve
MicroStrategy Inc. acquired 520 Bitcoin for approximately $35 million in the most recent reporting period while increasing its dedicated USD reserve by $300 million to $1.4 billion.
MicroStrategy Inc. acquired 520 Bitcoin for approximately $35 million in the most recent reporting period while increasing its dedicated USD reserve by $300 million to $1.4 billion. The purchase marks a significantly smaller addition to the company's bitcoin holdings compared to prior acquisition rounds, while the cash buildup represents a material shift in capital deployment priorities.
The company increased its USD reserve by $300 million, bringing total cash to $1.4 billion. The 520 Bitcoin acquisition cost approximately $35 million, implying an average purchase price near $67,300 per coin. No executives, counterparties, or specific transaction dates were disclosed in the reporting.
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