- MicroStrategy has announced the purchase of 1,434 more Bitcoin for approximately $82.4 million.
- Michael Saylor’s company made its latest purchase at an average price of $57,477 per Bitcoin.
- The firm is now known to have purchased at least 122,478 Bitcoin at an average cost of roughly $29,861.
Share this article
MicroStrategy owns over half a percent of all Bitcoin currently in existence. The company has regularly made large Bitcoin purchases since its first major buy in August 2020.
MicroStrategy Buys More Bitcoin
Michael Saylor’s MicroStrategy announced today that it had purchased approximately 1,434 Bitcoin for about $82.4 million, including fees and expenses. It acquired the Bitcoin for an average price of roughly $57,477 per coin.
In a Form 8-K filed with the SEC today, MicroStrategy announced it made the purchases between Nov. 29 and Dec. 8.
According to the form, the company now holds approximately 122,478 Bitcoin with a cost basis of roughly $3.66 billion (including fees and expenses). The average price MicroStrategy has paid per Bitcoin is $29,861.
The company also announced today that in the same period over which it made the recent purchases (Nov. 29 to Dec. 8), it also issued and sold 119,828 of its shares at an average price per share of (roughly) $693.10. This provided the company with aggregate net proceeds of roughly $82.4 million.
Microstrategy’s price per share is down roughly 4.15% at the time of writing, though this may reflect the price of Bitcoin being down on the day by roughly 3.75%.
The notable Bitcoin advocate and investor behind MicroStrategy, Michael Saylor, has been catapulted into the spotlight since his company first bought into Bitcoin in August of last year. Since then, MicroStrategy’s Bitcoin purchases have become the norm. Only 10 days ago, MicroStrategy announced the purchase of over 7,000 Bitcoin between the period of Oct 1. and Nov. 29.
Disclosure: At the time of writing, the author of this piece owned BTC and several other cryptocurrencies.
Bitcoin Pumps on Square’s $50 Million BTC Purchase
Square Inc. has announced a $50 million investment in Bitcoin. The firm purchased approximately 4,709 BTC through an over-the-counter platform which services the company’s Cash App. More important than Square…
“I Might Be Missing Something,” Says Billionaire Bitcoin B…
Bridgewater Associates founder Ray Dalio posted a series of tweets regarding Bitcoin fundamentals on Nov. 17 after being surprised to see BTC cross $17,000. Dalio acknowledged his bearish analyses might…
MicroStrategy Buys Bitcoin Dip, Now Holds 70,784 BTC
MicroStrategy just spent another $10 million on Bitcoin. The purchase brings MicroStrategy’s holdings to 70,784. MicroStrategy Buys Bitcoin, Again MicroStrategy isn’t done buying Bitcoin just yet. The business intelligence giant,…
Audience Survey: Win A $360 Subscription To Pro BTC Trader
We’re doing this because we want to be better at picking advertisers for Cryptobriefing.com and explaining to them, “Who are our visitors? What do they care about?” Answer our questions…