MicroStrategy Chairman Michael Saylor announced the resumption of the company’s Bitcoin accumulation strategy on April 4.
Analysts estimate the firm purchased approximately 1,820 BTC this week. A recovery in the market price of the company’s preferred stock enabled the acquisition.
MicroStrategy also utilizes an At-The-Market (ATM) offering program to issue common stock for capital. These developments reinforce the company’s Bitcoin holdings and reaffirm its long-term acquisition plan.