MicroStrategy Says It Bought 1,434 Bitcoins Since Nov. 29
The company held about 122,478 bitcoins as of Dec. 8, for a value of about $6 billion.
MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that’s taken to accumulating bitcoin, said it bought 1,434 bitcoins between Nov. 29 and Dec. 8.
- The company paid about $82.4 million in cash at an average price of $57,477 per bitcoin, it said in a statement.
- As of Dec. 8, the company held approximately 122,478 bitcoins, purchased at an average price of $29,861 per bitcoin. Bitcoin is currently trading at about $49,200, valuing the trove at approximately $6 billion.
- The company 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.
UPDATE (Dec. 9, 13:36): Adds value of holding, share sale, third-quarter purchases, current bitcoin price.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, 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.