MicroStrategy invests $4.6B in Bitcoin, boosting its crypto holdings. MSTR stock surges as the company strengthens its position as a major Bitcoin holder.

The technology company's latest purchase boosts its total bitcoin holdings to 331,200 BTC, which is worth roughly $30 billion at current prices.

MicroStrategy Inc. shares were up 10% after the software company and cryptocurrency play purchased $4.6 billion of bitcoin. In an SEC filing Monday, MicroStrategy said that it acquired approximately 51,780 bitcoins for approximately $4.6 billion in cash, at an average price of approximately $88,627 per bitcoin, inclusive of fees and expenses.

The company now holds 331,200 bitcoin acquired for roughly $16.5 billion and worth just shy of $30 billion. Sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.

MicroStrategy has bought about $4.6 billion of bitcoin—the first fruits of a huge new fundraising plan, and its largest bitcoin purchase since it first started acquiring the cryptocurrency more than four years ago.

MicroStrategy Inc. bought about 51,780 Bitcoin for around $4.6 billion, the largest purchase by the crypto hedge-fund proxy since it began acquiring the digital-asset more than four years ago.

The company is setting a trend for others to follow, and many are already taking note of its aggressive buying strategy.