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.
Dec 9, 2021 at 6:04 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WH4N574T2NGQNNWEIXHTVDRQH4.jpg)
Michael Saylor Defends MicroStrategy's Aggressive Bitcoin Buys
Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.
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.
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Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.
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Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.
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