Michael Saylor’s MicroStrategy Secures 51,780 Bitcoin for $4.6B, Bolstering its Crypto Stash.

MicroStrategy (MSTR), a leading Bitcoin acquisition firm, has expanded its Bitcoin holdings by adding 51,780 BTC for a total of $4.6 billion in the six-day period ending Sunday. This new purchase increases the company’s Bitcoin stack to 331,200 BTC, which it has acquired for a total of about $16.5 billion. At the current Bitcoin price of around $90,000, the value of these holdings has surged to nearly $30 billion.

To finance this purchase, MicroStrategy tapped its share issuance program, selling approximately 13.6 million shares for $4.6 billion. A regulatory filing on Monday revealed that the company still has room to sell up to $15.3 billion worth of stock under the same program.

In a social media post over the weekend, Executive Chairman Michael Saylor hinted at this new acquisition, which follows a similar purchase announced just one week ago. Last week, MicroStrategy bought 27,200 BTC for $2 billion, bringing the total Bitcoin bought over the past few weeks to 72,000 BTC for $6.6 billion.

While MicroStrategy’s stock (MSTR) is down 1% in premarket trading, it remains up nearly 400% year-to-date.