Markets, MicroStrategy, Bitcoin The firm used proceeds from the sale of frequent inventory for this newest buy. 

Michael Saylor-led Stategy (MSTR) introduced its bitcoin stake above 500,000 tokens with further purchases made final week.

The firm bought 6,911 bitcoin for $584.1 million, or a median price of $84,529 per token, according to a filing Monday morning.

That introduced the corporate’s holdings to 506,137 BTC acquired for $33.7 billion, or a median price of $66,608 every.

Strategy funded this newest acquisition by way of the sale of 1.975 million shares of frequent inventory, which raised $592.6 million.

The firm’s newest most popular inventory providing, $711 million of STRK, solely priced late final week. To date, Strategy has bought 13,100 shares, elevating $1.1 million, in line with the submitting.

MSTR is larger by 4.8% in premarket buying and selling alongside a rally in bitcoin over the weekend to above $87,000.

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