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MicroStrategy Purchases Another 14,620 Bitcoin
In the past month, MicroStrategy has acquired an additional 14,620 Bitcoins, spending $615.7 million at an average price of $42,110 per Bitcoin, as detailed in a Form 8-K filing on its website.
These purchases occurred between November 30 and December 26. With this latest addition, MicroStrategy now holds a total of 189,150 bitcoins, purchased at an average price of $31,168, amounting to a total investment of $5.89 billion.
The current value of MicroStrategy’s Bitcoin holdings stands at $8.1 billion, reflecting a paper gain of $2.2 billion.
Meanwhile, amidst the rise in Bitcoin’s price from $37,400 to $42,880 in the last month, the company also sold 1 million shares on December 26, generating $610 million, as part of a previously outlined plan to raise $750 million.