MicroStrategy Resumes Bitcoin Buying Strategy with $43 Million Purchase

MicroStrategy has restarted its Bitcoin buying strategy, acquiring an additional 535 units of the cryptocurrency at an average price of $80,340 per unit.

The company made these purchases between May 4 and May 10, bringing its total Bitcoin holdings to 818,869 units. This acquisition was funded through proceeds from at-the-market sales of MicroStrategy's Class A common stock (MSTR) and its Stretch perpetual preferred stock (STRC).