Software company turned cryptocurrency development firm MicroStategy (MSTR) has added an additional 51,780 Bitcoin (BTC) valued at $4.6 billion U.S. over the last week.
With its latest purchase, MicroStrategy, which first began acquiring Bitcoin in August 2020, now owns 331,200 of the digital tokens worth right around $30 billion U.S. based on the current price of $90,000 U.S. for the world’s largest cryptocurrency by market capitalization.
MicroStrategy, which is led by Executive Chairman Michael Saylor, is the world’s largest corporate holder of Bitcoin.
To fund its latest purchase, MicroStrategy sold 13.6 million company shares and raised $4.6 billion U.S.
The company has an additional $15.3 billion U.S. of stock that it can sell to purchase even more Bitcoin, should it choose to do so.
Saylor took to X/Twitter to announce the company’s latest Bitcoin purchase and reiterate his bullish stance on cryptocurrencies.
A little more than a week ago, MicroStrategy purchased 27,200 Bitcoin for $2 billion U.S. That brings the company’s total Bitcoin purchases over the past few weeks to 72,000 worth $6.6 billion U.S.
The current buying spree by MicroStrategy comes as crypto enjoys a post-election rally in the U.S., with Bitcoin’s price rising more than 30% since Americans went to the polls on Nov. 5.
MicroStrategy’s stock has increased 397% so far this year to trade at $340.65 U.S. per share.
