Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto Superior to Cash
MicroStrategy acquired an additional 3,907 BTC at a price of $45,294 per BTC for about $177 million, thus the total volume held by the company as of August 24 reached 108,992 BTC.
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Damn, you guys are becoming increasingly efficient, I cannot twelve IRL for a few minutes that you immediately take on my post!
Great.
In the meanwhile, I updated the spreadsheet!
Luckily, all the metrics in the press release are aligned with the data in the spreadsheet!
The important thing is the financing of the purchase: they purchased the Bitcoin with the ATM facility, or the possibility to issue new shares "on the fly" to buy more bitcoins: they raised capital during the third capital issuing new shares at an average price of 753 USD, raising 177.5 USD, and using 177 of those (ah... the juicy fees!) to buy the bitcoins on Coinbase:
This is the first time they are using this facility.
I'm seeing some pretty exciting news right now. Since the Fud spread by China hit the market the one that still survives is the MSTR. Despite every purchase of BTC by MSTR, the price does not soar when Amazon issues vacancies and false assumptions in the community about the implementation of BTC on Amazon