Business MicroStrategy Buys Another $94.2M of Bitcoin

As of Dec. 29, the corporate held about 124,391 bitcoins bought at a mean value of $30,159.

MicroStrategy (Nasdaq: MSTR), the business-intelligence software program firm that’s taken to accumulating bitcoin, mentioned it purchased 1,914 bitcoins between Dec. 9 and Dec. 29 for about $94.2 million in money.

The firm paid a mean value of $49,229 per bitcoin, it mentioned in an announcement.

As of Dec. 29, MicroStrategy held about 124,391 bitcoins bought at a mean value of $30,159. Bitcoin is at the moment buying and selling about $47,500, valuing the trove at $5.9 billion. The firm has a market cap of $6.1 billion, in accordance with Bloomberg information.

MicroStrategy raised funds for the acquisition by promoting shares.

In the third quarter, the corporate added nearly 9,000 bitcoin to its holdings, a mean of three,000 a month.

CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old firm.

Adds complete worth of MicroStrategy’s holding, market cap in second bullet, share sale in third.

supply: coin-desk

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