From Nasdaq.:

MicroStrategy’s stock (NASDAQ: MSTR) hits a 52-week high after buying more Bitcoin (CRYPTO: BTC), with shares up 16% and Bitcoin rising 5%. The company purchased an additional 3,000 bitcoins for $155 million, now owning a total of 193,000 bitcoins valued around $10.5 billion.

MicroStrategy spent $6.1 billion on Bitcoin, raising cash by periodically selling shares to investors, totaling $138 million in 2024 alone. With 193,000 bitcoins, the company is a major Bitcoin whale, potentially looking to raise more funds through stock sales to acquire additional Bitcoin.

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