MicroStrategy Snaps Up More Bitcoin. How It Plans to Finance Future Purchases.

MicroStrategy announced Monday that it had bought even more Bitcoin and revealed it would sell stock to raise capital and fund future purchases of the cryptocurrency. MicroStrategy’s latest purchase brings its total holdings to more than 470,000 Bitcoins, the software company said in a filing with the Securities and Exchange Commission. Between Jan. 21 and Sunday, MicroStrategy acquired around 10,107 Bitcoins for $1.1 billion in cash, or roughly $105,596 per Bitcoin, the company said.