MicroStrategy Is Writing The Corporate Bitcoin Accumulation Playbook

MicroStrategy Is Writing The Corporate Bitcoin Accumulation Playbook

An excerpt from Bitcoin Magazine's Deep Dive: Michael Saylor's MicroStrategy continues to lead the corporate world in BTC accumulation.The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.MicroStrategy has been highlighted quite often in the Daily Dive recently, but the company’s announcement of a $1 billion equity offering that is able to be issued at the discretion of the executives of the company is yet....


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MicroStrategy doles out $240M on additional Bitcoin purchase

The company's Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition. Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday.MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin.In a Form 8-K filing with the United States Securities and Exchange Commission published on Monday, MicroStrategy stated that it has added 8,957 BTC to its corporate Bitcoin treasury in Q3 2021.As....