MicroStrategy has expanded its Bitcoin reserves by acquiring 3,000 BTC for about $155 million over ten days, bringing its total holdings to 193,000 BTC, valued at roughly $6.09 billion.

This move boosted early trading of its MSTR shares by approximately 10% to $751. The firm disclosed this purchase in a Form 8-K filing with the SEC, revealing it bought the BTC between February 15 and 25 at an average price of $51,813.

With this acquisition, MicroStrategy is nearing the US government's Bitcoin holdings and could soon control 1% of the total supply. The purchase was funded through stock sales and available cash from the previous fiscal year. This follows a previous acquisition of 850 BTC for $37 million in January.

Despite the positive news, the company faced a setback when its social media account was hacked, leading to a fake Ethereum-based token airdrop scam and causing losses of approximately $440,000 in digital assets.