MicroStrategy Stock Rises. It Expands Bitcoin Holdings With $286 Million Purchase.
MicroStrategy stock rose Monday after the world’s largest corporate holder of said it had snapped up even more of the digital currency. The company, which does business as Strategy, revealed in a Form 8-K that it had acquired 3,459 Bitcoins for roughly $285.8 million, or around $82,618 per Bitcoin, in the period between April 7 and April 14. The latest purchase brought MicroStrategy’s total holdings to 531,664 units of the digital currency, with an aggregate purchase price of $35.92 billion.