MicroStrategy Inc. shares were up 10% after the software company and cryptocurrency play purchased $4.6 billion of bitcoin. In an SEC filing Monday, MicroStrategy said that it acquired approximately 51,

The company's total bitcoin holdings are now worth roughly $30 billion. MicroStrategy sold around 13.6 million shares to fund the most recent bitcoin purchase. The company adopted a bitcoin reserve strategy in 2020 and their open-source plan has been used ...

MicroStrategy has bought about $4.6 billion of bitcoin—the first fruits of a huge new fundraising plan, and its largest bitcoin purchase since it first started acquiring the cryptocurrency more than four years ago.

Following its usual approach, MicroStrategy (NASDAQ:MSTR) raised more capital through a stock sale to pile into its bitcoin holdings, the company disclosed on Monday in an SEC filing. The purchases came during a week when bitcoin (BTC-USD) scaled to new highs,

MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.

At the current price surrounding the $90,000 level, those holdings are worth just less than $30 billion. To fund this latest purchase, MicroStrategy tapped its at-the-market share issuance program, selling roughly 13.6 million shares for $4.6 billion.

MicroStrategy has added another 51,780 Bitcoin, with Michael Saylor's software firm now holding nearly $30 billion worth.