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MicroStrategy Says It Bought 1,434 Bitcoins Since Nov. 29
The company held about 122,478 bitcoins as of Dec. 8, for a value of about $6 billion.
MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that’s taken to accumulating bitcoin, said it bought 1,434 bitcoins between Nov. 29 and Dec. 8.
- The company paid about $82.4 million in cash at an average price of $57,477 per bitcoin, it said in a statement.
- As of Dec. 8, the company held approximately 122,478 bitcoins, purchased at an average price of $29,861 per bitcoin. Bitcoin is currently trading at about $49,200, valuing the trove at approximately $6 billion.
- The company 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.
STORY CONTINUES BELOW
UPDATE (Dec. 9, 13:36): Adds value of holding, share sale, third-quarter purchases, current bitcoin price.
Sheldon Reback
Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.
