MicroStrategy Added 15.4K Bitcoin for $1.5B as Saylor Pitches BTC to Microsoft
MicroStrategy (MSTR) is now the owner of nearly 2% of all the bitcoin (BTC) that will ever be created after adding to its holdings of the token
The purchases took place over the week ended Sunday and were funded with share sales under the company's ATM program.
Bitcoin Development Company MicroStrategy (MSTR) is now the owner of nearly 2% of all the bitcoin (BTC) that will ever be created after adding to its holdings of the token.
The firm disclosed the purchase of 15,400 bitcoin over the week ended Dec. 1 for $15.4 billion, or an average price of $95,976 each on Monday. That brings its holdings to 402,100 tokens worth $38.2 billion at the current price of $95,000. The company's overall average purchase price is $58,263.
This most recent buy was funded with share sales under the company's existing at-the-market program, according to the disclosure.
