Summary
TLDR: MicroStrategy has purchased 12,000 more Bitcoin, totaling 205,000 BTC worth $14.7 billion. They dominate in corporate Bitcoin stashes, holding more than all other 44 companies combined. They plan to hold Bitcoin for 100 years and recently raised $800 million to buy more. Their stock price has risen 110% in the past month due to Bitcoin price rallies.
Key Points
1. MicroStrategy has amassed 205,000 BTC with its latest purchase, making its Bitcoin treasury worth approximately $14.7 billion at the current Bitcoin price.
2. MicroStrategy’s 205,000 BTC stockpile is more than all of the other 44 companies with publicly disclosed Bitcoin treasuries combined.
3. The company recently announced plans to raise $800 million to buy more Bitcoin, leading to a surge in its stock price and shareholder approval.