Key Takeaways MicroStrategy shares could remain in focus on Tuesday after soaring 13% to a new record high following news the software analytics company had purchased an additional $4.6 billion of bitcoin.

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.

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.

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 shares surged 13% on Monday, reaching a record closing high after the company revealed it acquired $4.6 billion in Bitcoin.

At the current price surrounding the $90,000 level, those holdings are worth just less than $30 billion. To fund this latest purchase, MicroStrategy tapped its at-the-market share issuance program, selling roughly 13.6 million shares for $4.6 billion.

Following its usual approach, MicroStrategy (NASDAQ:MSTR) raised more capital through a stock sale to pile into its bitcoin holdings, the company disclosed on Monday in an SEC filing. The purchases came during a week when bitcoin (BTC-USD) scaled to new highs,