12-31-2021, 05:41 PM
Business MicroStrategy Buys Another $94.2M of Bitcoin
<!-- SC_OFF --><div class="md"><p>As of Dec. 29, the company held about 124,391 bitcoins purchased at an average price of $30,159.</p> <p>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.</p> <p>The company paid an average price of $49,229 per bitcoin, it said in a statement.</p> <p>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.</p> <p>MicroStrategy raised funds for the purchase by selling shares.</p> <p>In the third quarter, the company added almost 9,000 bitcoin to its holdings, an average of 3,000 a month.</p> <p>CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old company.</p> <p><em>Adds total value of MicroStrategy’s holding, market cap in second bullet, share sale in third.</em> </p> <p>source: coin-desk</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ArtofZed"> /u/ArtofZed </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rs6ie4/business_microstrategy_buys_another_942m_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rs6ie4/business_microstrategy_buys_another_942m_of/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>As of Dec. 29, the company held about 124,391 bitcoins purchased at an average price of $30,159.</p> <p>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.</p> <p>The company paid an average price of $49,229 per bitcoin, it said in a statement.</p> <p>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.</p> <p>MicroStrategy raised funds for the purchase by selling shares.</p> <p>In the third quarter, the company added almost 9,000 bitcoin to its holdings, an average of 3,000 a month.</p> <p>CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old company.</p> <p><em>Adds total value of MicroStrategy’s holding, market cap in second bullet, share sale in third.</em> </p> <p>source: coin-desk</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ArtofZed"> /u/ArtofZed </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rs6ie4/business_microstrategy_buys_another_942m_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rs6ie4/business_microstrategy_buys_another_942m_of/">[comments]</a></span>Kind Regards R