Bitcoin News

Story: Microstrategy purchases over 4000 bitcoins using STRC on thursday

By Jean-Luc Maracon

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MicroStrategy purchased more than 4000 bitcoins on Thursday. Real-time trading data and community tracking tools indicate that the company funded these acquisitions through the…

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At the close of New York markets, trading activities showed that the company had amassed enough capital to acquire over 4000 BTC.

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On March 10, STRC recorded a daily trading volume record of $409 million. On-chain indicators suggest that this day allowed the acquisition of more than 2000 BTC according to…

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MicroStrategy, already the largest public holder of bitcoins, is increasingly using its preferred equity program to finance new acquisitions.

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Real-time dashboards tracking STRC trading attempt to estimate how many shares the company issues relative to secondary market trades.

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A recent SEC filing revealed that the company purchased 17,994 BTC between March 2 and March 8, for approximately $1.28 billion. These purchases were funded with $377.

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If Thursday's estimates prove accurate, the day's purchases could exceed the previously observed average daily acquisition rate.

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These data remain unofficial. MicroStrategy typically confirms its purchases later through SEC filings or public disclosures.

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Bitcoin is currently trading around $70,000, while MicroStrategy shares (MSTR) are down about 0.75% on the day.

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MicroStrategy has not yet commented on these acquisitions. On March 11, the company updated its prospectus for the Series A Variable Rate Preferred Stock, a move that increased…

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The bitcoin market has experienced notable volatility in recent days, with prices oscillating between $68,000 and $72,000.

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