Saylor's MicroStrategy Buys Another $177M of Bitcoin - CoinDesk

Business analytics software provider MicroStrategy (NASDAQ: MSTR) has added another 3,907 bitcoins to its vast trove of the original cryptocurrency.

According to a Tuesday filing with the U.S. Securities and Exchange Commission, the company spent about $177 million on its latest BTC purchase, at an average price of approximately $45,294 per coin.
In total, the firm holds 108,992 BTC, according to a tweet from CEO Michael Saylor:

STORY CONTINUES BELOW

Recommended for you:

MicroStrategy's stock, which some investors use as a proxy for the price of bitcoin, has sunk from a high of $1,273 per share in March to $718 as of press time.
The price of bitcoin is down 2% over the last 24 hours, changing hands at $49,191.30 at time of publication.

Read more: MicroStrategy CEO Likens Borrowing to Buy Bitcoin to Investing Early in Facebook

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about