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MicroStrategy picks up a further 14,620 bitcoin for $615 million

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MicroStrategy picks up a further 14,620 bitcoin for 5 million
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MicroStrategy has purchased a further 14,620 bitcoin over the last month.

The company spent $615.7 million on its latest stash, according to a Form 8-K filing published to its website today, at an average price of $42,110 per bitcoin. The purchases were made between November 30 and December 26.

MicroStrategy now owns 189,150 bitcoin, which it purchased at an average price of $31,168. The company spent $5.89 billion on its holdings, which are currently worth $8.1 billion — up $2.2 billion on paper.

The price of bitcoin has risen over the last month, up from $37,400 to its current price of $42,880, according to The Block’s Price Page.

As of December 26, MicroStrategy has also sold 1 million shares, netting its $610 million, as part of an earlier plan to raise $750 million.

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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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