Microstrategy Increases Bitcoin Holdings to 152,800 BTC — Plans to Buy More With $750 Million Stock Sales

Nasdaq-listed Microstrategy has disclosed that it present holds 152,800 bitcoins, acquired for $4.53 billion. A full of 12,800 bitcoins were acquired successful the 2nd quarter. The institution besides revealed that it plans to bargain much bitcoin with proceeds from income of its communal banal of up to $750 million.

Microstrategy Boosts Bitcoin Holdings to 152,800 Coins

Microstrategy (Nasdaq: MSTR) released its second-quarter fiscal results connected Tuesday. The institution revealed that it acquired 12,800 bitcoins during Q2 for $361.4 million, oregon $28,233 per BTC. As of July 31, it held 152,800 bitcoins, acquired for a full outgo of $4.53 billion, oregon $29,672 per BTC.

Michael Saylor, Microstrategy’s laminitis and enforcement chairman, tweeted Tuesday:

In July, Microstrategy acquired an further 467 BTC for $14.4 cardinal and present holds 152,800 BTC.

Prior to the latest acquisition of 467 BTC, Microstrategy acquired 12,333 bitcoins betwixt April 29 and June 27, arsenic previously reported.

Microstrategy is besides gathering Lightning Rewards, which the institution described arsenic “an endeavor level that incentivizes employees and customers to instrumentality definite actions and rewards them with satoshis instantly.” The institution aims to marque Lightning Rewards disposable successful Q3.

$750M Agreement and a Plan to Buy More Bitcoin

The Nasdaq-listed institution has besides executed a program to bargain much bitcoin. In its filing with the U.S. Securities and Exchange Commission (SEC), Microstrategy explained that it has entered into a income statement with 3 companies to merchantability shares of its people A communal banal “having an aggregate offering terms of up to $750,000,000 from clip to time.”

Regarding the usage of proceeds, the institution elaborate successful its filing:

We mean to usage the nett proceeds from this offering for wide firm purposes, including the acquisition of bitcoin and moving capital, and, taxable to marketplace conditions, for the repurchase oregon repayment of our indebtedness.

At the clip of writing, bitcoin is trading astatine $29,435, up implicit 77% year-to-date.

What bash you deliberation astir Microstrategy holding 152,800 bitcoins and readying to bargain more? Let america cognize successful the comments conception below.