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MicroStrategy expands accumulation with 267 additional BTC
The MicroStrategy software company (Strategy) continued its Bitcoin accumulation strategy, acquiring 267 BTC for approximately $22 million. With this purchase, the company now holds 848,517 BTC, with an average acquisition price of $75,446 per coin. In addition to the Bitcoin purchase, the company also announced an increase in its preferred share buyback program (STRC), raising the limit to $3 billion. The company repurchased 1.94 million shares during the period. MicroStrategy has stood out as one of the largest corporate Bitcoin accumulators, maintaining a consistent buying strategy that reflects confidence in the network and the asset. Context: The company has used bond and share offerings to finance its Bitcoin purchases, consolidating its position as one of the largest institutional holders of the asset. https://decrypt.co/381302/strategy-buys-22m-in-bitcoin-buys-back-193m-of-strc https://cointelegraph.com/news/strategy-btc-22-million-buy-strc-buyback-193-m…