Strategy Adds to Bitcoin Stash, Brings Total Holdings to Over 530,000 Coins Worth Billions

Benzinga

MicroStrategy stock rose Monday after the company disclosed it bought about 3,500 more Bitcoins in early April, paying roughly $83,000 per coin. This latest purchase brings its total Bitcoin holdings to over 530,000, acquired for nearly $36 billion. MicroStrategy disclosed it sold a large batch of Class A shares to help fund its ongoing Bitcoin purchases through equity and other financial instruments. Once focused on enterprise software, MicroStrategy has rebranded as Strategy and embraced its identity as a Bitcoin-focused company. Shares rose over 3% Monday after a 10% gain Friday, while the S&P 500 and Nasdaq rose about 1%.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02MicroStrategy stock rose money after the company disclosed it bought about 3,500 more Bitcoins

00:07in early April, paying roughly $83,000 per coin.

00:10This latest purchase brings its total Bitcoin earnings to over $530,000,

00:14by nearly $36 billion.

00:16MicroStrategy disclosed and sold a large mass of flash change shares

00:19to help fund its ongoing Bitcoin purchases through equity and other financial instruments.

00:24Once focused on enterprise software, MicroStrategy has rebranded as strategy

00:28and it braced its identity as a Bitcoins-focused company.

00:31Shares rose over 3% Monday after a 10% gain Friday,

00:34while the S&P 500 and NASDAQ rose about 1%.

00:37For all things money, visit Benzinga.com slash GSTV.

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