MicroStrategy completes $21B Stock Offer to Buy Bitcoin. Riot tried to mimic the Saylor playbook, then chickened out…

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MicroStrategy snapped up even more Bitcoin and exhausted its 2024 at-the-market common stock offering.

The company, which does business as Strategy, bought 1,895 Bitcoins for a total purchase price of $180.3 million, or around $95,167 per Bitcoin, from April 28 through May 4. Strategy disclosed the transactions in a form filed with the Securities and Exchange Commission on Monday.

The latest purchase brought the company’s total holdings to 555,450 Bitcoins purchased for a total of $38.08 billion, or around $68,550 each.

https://www.msn.com/en-us/money/economy/microstrategy-completes-21b-stock-offer-to-buy-bitcoin-the-stock-is-dropping/ar-AA1EcA9g

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