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MicroStrategy Buys Another $94.2M of Bitcoin
As of Dec. 29, the company held about 124,391 bitcoins purchased at an average price of $30,159.
Updated May 11, 2023, 7:10 p.m. Published Dec 30, 2021, 1:11 p.m. 1 min read
MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that’s taken to accumulating bitcoin, said it bought 1,914 bitcoins between Dec. 9 and Dec. 29 for about $94.2 million in cash.
- The company paid an average price of $49,229 per bitcoin, it said in a statement.
- As of Dec. 29, MicroStrategy held about 124,391 bitcoins purchased at an average price of $30,159. Bitcoin is currently trading about $47,500, valuing the trove at $5.9 billion. The company has a market cap of $6.1 billion, according to Bloomberg data.
- MicroStrategy raised funds for the purchase by selling shares.
- In the third quarter, the company added almost 9,000 bitcoin to its holdings, an average of 3,000 a month.
- CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old company.
UPDATE (Dec. 30, 13:28 UTC): Adds total value of MicroStrategy’s holding, market cap in second bullet, share sale in third.
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