Michael Saylor's MicroStrategy buys 1,045 more bitcoins for $29.3M
Apr. 05, 2023 11:07 AM ETMicroStrategy Incorporated (MSTR)BTC-USDBy: Max Gottlich, SA News Editor1 Comment
Marco Bello/Getty Images News
- MicroStrategy (NASDAQ:MSTR) bought an additional 1,045 bitcoins (BTC-USD) for a total of ~$29.3M in cash, at an average price of $28,016, between March 23 and April 4, it said in SEC filing dated Wednesday.
- That brings the Michael Saylor-founded company's bitcoin (BTC-USD) holdings to around 140K, worth $3.92B at the current price of $28,061. The average purchase price of those holdings stood at $29,803 as of Tuesday.
- With bitcoin (BTC-USD) edging down 0.2% in morning trading, shares of MicroStrategy (MSTR), seen as a high-beta version of the underlying token, slid 3.1%.
- The news comes just days after the software company said it acquired more than 6,000 bitcoins since mid-February and raised over $300M from the sale of its shares.