MicroStrategy Resumes Accumulation with $101 Million Bitcoin Buy, Boosts Cash Reserve to $1 Billion
MicroStrategy purchased 1,550 bitcoin for approximately $101.3 million between June 1 and June 7, averaging $65,332 per coin. The acquisition follows a controversial 32 BTC sale the prior week, which was executed to fulfill preferred stock dividend obligations. The company simultaneously bolstered its specialized U.S. dollar reserve to $1 billion, significantly reducing the risk of near-term liquidations.
MicroStrategy has resumed its...
