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MicroStrategy Buys Another $94.2M of Bitcoin

As of Dec. 29, the company held about 124,391 bitcoins purchased at an average price of $30,159.

By Sheldon Reback
AccessTimeIconDec 30, 2021 at 1:11 p.m. UTC
Updated May 11, 2023 at 7:10 p.m. UTC
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Michael Saylor Defends MicroStrategy's Aggressive Bitcoin Buys
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MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that’s taken to accumulating bitcoin, said it bought 1,914 bitcoins between Dec. 9 and Dec. 29 for about $94.2 million in cash.

  • The company paid an average price of $49,229 per bitcoin, it said in a statement.
  • As of Dec. 29, MicroStrategy held about 124,391 bitcoins purchased at an average price of $30,159. Bitcoin is currently trading about $47,500, valuing the trove at $5.9 billion. The company has a market cap of $6.1 billion, according to Bloomberg data.
  • MicroStrategy 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.
  • CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old company.
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    • UPDATE (Dec. 30, 13:28 UTC): Adds total value of MicroStrategy’s holding, market cap in second bullet, share sale in third.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Sheldon Reback
    Sheldon Reback

    Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

    Follow @sheldonreback on Twitter

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