MicroStrategy Acquires 3,459 Bitcoin for $285.8 Million

Tech company MicroStrategy has made a significant move in the cryptocurrency market by acquiring 3,459 bitcoins worth $285.8 million. This purchase was funded through an ATM equity offering program. The announcement drove a 2.5% surge in Bitcoin prices after hours. The acquisition aligns with Microstrategy’s long-term strategy to bolster its Bitcoin holdings. 3,459 BTC were acquired and the transaction was completed over a week following approval by key leaders.