MicroStrategy Buys 1,434 Bitcoin For $82 Million

MicroStrategy Buys 1,434 Bitcoin For $82 Million

Software program intelligence firm and bitcoin accumulator MicroStrategy has elevated its BTC holdings with a latest acquisition of 1,434 cash, in accordance with a Securities and Alternate Fee (SEC) filing Thursday. The acquisition was made between November 29 and December 8 for $82.4 million in money, valuing every BTC purchased at about $57,477 on common.

The acquisition got here a bit over per week after the corporate introduced it had bought greater than 7,000 BTC for $414.4 million. MicroStrategy stated it now holds roughly 122,478 bitcoin acquired at a median value of $29,861 per coin, an combination buy value of $3.66 billion. On the time of writing, the corporate’s bitcoin holdings are value about $6 billion.

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