Michael Saylor’s MicroStrategy (MSTR) is buying $347 million worth of Bitcoin, for a grand total of 152,000 BTC

Michael Saylor’s MicroStrategy (MSTR) bought 12,333 bitcoin (BTC) for $347 million in cash between April 29 and June 27, the company announced on Wednesday.

With the latest purchase, MicroStrategy now has 152,333 bitcoins, which are worth over $4.6 billion at current prices.

Founded by crypto billionaire Michael Saylor, the company is one of the biggest Bitcoin HODLers. MicroStrategy also announced that it had sold approximately $333.7 million of its common stock pursuant to a previously announced stock sale agreement.

In May, the company took a smaller-than-expected write-down of its bitcoin holdings for the first quarter.

Shares of the company fell 1% to $321.44 in premarket trading, mirroring Bitcoin’s drop of over 1% to $30,288.

UPDATE (28 Jun 2023, 12:23 UTC): Adds additional details and background information.

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