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Seeking Alpha 2021-12-30 13:33:01

MicroStrategy buys 1.9K more bitcoins for $94.2M

MicroStrategy (NASDAQ:MSTR) purchases about 1,914 bitcoins (BTC-USD) - during Dec. 9 and Dec. 29 - for ~$94.2M in cash, at an average price of ~$49.2K per coin, including fees and expenses. Meanwhile, Bitcoin (BTC-USD) is 30% off its all-time high of $69.4K in mid-November, now changing hands at $47.5K. As of Wednesday, the company holds approximately 124.4K bitcoins (BTC-USD) for an aggregate purchase price of $3.75B, and an average purchase price of ~$30.1K per token. Recall earlier in December, MSTR bought 1.4K tokens when BTC was trading above $57K. Shares of MSTR edge higher by 0.5% in pre-market trading. Previously, (Nov. 29) MicroStrategy purchased 7K more BTC in Q4.

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