MicroStrategy Buys 14,620 Bitcoin for $615.7 Million
You have learned that Nasdaq-listed business intelligence firm MicroStrategy has purchased an additional 14,620 Bitcoin for approximately $615.7 million, at an average price of $42,110 per coin, according to firm co-founder and executive chairman Michael Saylor.
MicroStrategy Now Holds 189,150 BTC
Saylor detailed that MicroStrategy is now holding onto 189,150 BTC that were bought for around $5.9 billion in total, at an average price of $31,168 per coin, in a post shared with his over 3.2 million followers on X (formerly known as Twitter).
Firm Bought 174,530 BTC on 15.64 Million Shares
The firm had previously bought 174,530 BTC on 15.64 million shares and sold 1.077 million new shares for $610 million to add $617 million worth of BTC to its position, meaning that its BTC/share rose from 0.011159 BTC to 0.011313 BTC/share, Saylor detailed.
Hot Take
It is clear that MicroStrategy is making significant investment moves in the crypto space, continuing to add Bitcoin to its portfolio and holding onto a substantial amount of the cryptocurrency.
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