MicroStrategy stock was rising after the company announced that it had purchased some 15,400 bitcoin for about $1.5 billion dollars. In a filing released Monday morning, MicroStrategy said it had purchased the bitcoin for an average price of $95,

MicroStrategy continued its bitcoin buying spree, with this latest stash acquired at an average purchase price of $95,976 per bitcoin. Company chairman Michael Saylor teased the announcement on X over the weekend.

The software company has spent nearly $7 billion buying bitcoin in the past two weeks as prices have pulled back.

MicroStrategy Inc. bought another $1.5 billion in Bitcoin, the fourth consecutive weekly purchase announced by the crypto hedge fund proxy.

The plan is simple: buy bitcoin, secure it safely, and hold it for the long term. If you sell, you will be selling directly into the hands of MicroStrategy and every other company running this playbook.

MicroStrategy acquires 15,400 Bitcoin, raising total holdings to 402,100 BTC, with plans for a large capital raise for more purchases.

Key Takeaways MicroStrategy shares continued to move higher along with the price of bitcoin, which traded at more than $98,000 Friday morning.The business intelligence services provider is the largest corporate holder of bitcoin,

How can Microstrategy borrow billions at 0% to continue buying bitcoin and what does this reveal about market players’ expectations.