MicroStrategy Purchased $94 Million in Bitcoin

Key Takeaways:

  • MicroStrategy purchased $94 million in bitcoin between December 9 and December 29.
  • According to a release, the corporation paid an average price of $49,229 per bitcoin.
Microstrategy Purchased $94 Million In Bitcoin
MicroStrategy Purchased $94 Million in Bitcoin

MicroStrategy, the company led by Michael Saylor, one of the most well-known and well-known Bitcoin permabulls, stated today that it had purchased another $94 million worth of BTC.

Michael Saylor, the firm’s CEO, stated today that bitcoin had been repurchased via his official Twitter account.

When it comes to collecting BTC, MicroStrategy has created a reputation for itself in the last few years.

Saylor stated today that the company had purchased an additional 1,914 bitcoins for $94.2 million in cash.

Saylor stated that his organization would investigate various options for purchasing more Bitcoin. The corporation has continued to add to its Bitcoin holdings since the announcement.

The transaction, which cost an average of $ 49,229, brought the company’s total Bitcoin holdings to a new high of 124,391. The average Bitcoin price in this $ 3.47 billion Bitcoin stockpile is $ 30,159.

MSTR purchased 1.4K tokens in December when BTC was trading above $57K.

MSTR’s stock increased by 0.5 percent in pre-market trading.

MicroStrategy had previously purchased 7K additional BTC in Q4 (November 29).

MicroStrategy issued and sold 571,001 shares in the fourth quarter under a $1 billion sale agreement that began in mid-June. The average gross price per share was $732.16.

Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

Newsletter

Crypto News, NFTs and Market Updates

Can’t find what you’re looking for? Type below and hit enter!