MicroStrategy Stock Soars After Buying $821M More Bitcoin, Now Holds Over $15B Worth
• MicroStrategy (MSTR) shares up 10% after buying nearly 12,000 more Bitcoins for $821.7 million
• Company now holds about 205,000 Bitcoins acquired at an average price of $33,706 per Bitcoin
• MicroStrategy raised $782 million from a debt offering to help fund the Bitcoin purchase
• The company's Bitcoin holdings are now worth close to $15 billion
• Over the past year, MSTR stock has rallied 574%, greatly outpacing Bitcoin's 250% gain, showing it has been a better way to bet on Bitcoin's rise