Mackenzie Tatananni
MicroStrategy stock jumped on Monday after the software company revealed it had purchased even more Bitcoin.
MicroStrategy filed a form 8-K with the U.S. Securities and Exchange Commission showing the company snapped up 6,556 digital tokens for $555.8 million in cash, or roughly $84,785 per Bitcoin from April 14 through April 20.
Shares of the world's largest corporate holder of Bitcoin, which does business as Strategy, gained 1% to $320.22 in early Monday trading after rising higher in premarket trading. The benchmark S&P 500 was off 1.3%.
The latest purchase brings the company's total holdings to 538,200 Bitcoins. Based on the current price of the digital currency, MicroStrategy's holdings are valued at around $47 billion.
Its Bitcoin yield, or the change in the ratio of its holdings to total assumed shares outstanding from period to period, was 12.1% for the period from Jan. 1 through April 20.
Also lifting shares higher on Monday was the rising price of Bitcoin, which was up 3.2% over the past 24 hours to $87,373, according to CoinDesk data.
Founded as an enterprise-software company in 1989, MicroStrategy has increasingly been viewed as a leveraged play on the cryptocurrency. The company uses proceeds from its at-the-market programs to fund Bitcoin purchases.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 21, 2025 10:01 ET (14:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。