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MicroStrategy Buys Another $94.2M of Bitcoin

MicroStrategy Buys Another $94.2M of Bitcoin

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.

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

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, 1:11 PM
Updated May 11, 2023, 7:10 PM
Michael Saylor Defends MicroStrategy's Aggressive Bitcoin Buys

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.

STORY CONTINUES BELOW

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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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Sheldon Reback

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

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