Following this recent purchase, MicroStrategy now holds 402,100 BTC, which it acquired for $23.4 billion at an an average price of $58,263. The company’s co-founder,, Michael Saylor,, also confirmed this development in an X post.

MicroStrategy acquires 15,400 Bitcoin, raising total holdings to 402,100 BTC, with plans for a large capital raise for more purchases.

How can Microstrategy borrow billions at 0% to continue buying bitcoin and what does this reveal about market players’ expectations.

The software company has spent nearly $7 billion buying bitcoin in the past two weeks as prices have pulled back.

MicroStrategy Inc. bought another $1.5 billion in Bitcoin, the fourth consecutive weekly purchase announced by the crypto hedge fund proxy.

MicroStrategy stock was rising after the company announced that it had purchased some 15,400 bitcoin for about $1.5 billion dollars. In a filing released Monday morning, MicroStrategy said it had purchased the bitcoin for an average price of $95,

MicroStrategy didn’t take much of a Thanksgiving break, buying a further $1.5 billion of bitcoin last week. The software-intelligence company turned bitcoin-holding entity said Monday it bought 15,400 bitcoins for cash last week.