MicroStrategy, under Executive Chairman Michael Saylor, executed a substantial Bitcoin purchase last week, acquiring 17,994 BTC for $1.28 billion at an average price of $70,946 per coin.
This latest acquisition elevates the company's total Bitcoin holdings to 738,731 BTC, acquired at an average price of $75,862 per coin.
The company funded these purchases primarily through $900 million in common stock sales and $377 million from preferred stock. Bitcoin is currently trading below $68,000.