MicroStrategy Buys 4,603 Bitcoin for $369.7 Million in Late August
MicroStrategy says it bought 4,603 Bitcoin for $369.7 million during Aug. 24–30, continuing a recent pattern of treasury purchases. It previously sold MSTR common shares for $602.8 million, using the proceeds to buy more Bitcoin, repurchase $151.8 million of preferred STRC stock, and increase its U.S. dollar reserve.