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MicroStrategy Buys $190.5M Worth of Bitcoin
MicroStrategy (MSTR), the bitcoin-accumulating business-intelligence software company, said it bought another 4,167 BTC for around $190.5 million. The purchases took place between Feb. 15 and April 4, MicroStrategy said in a statement Tuesday. The Tysons Corner, Va.-based firm paid an average of $45,714 per bitcoin. MicroStrategy now holds a total of 129,218 bitcoins, valued at around $6 billion at the current price of about $46,742. CEO Michael Saylor has said on several occasions that the company plans to hold the bitcoin long term and has no plans to sell it. The bitcoin acquired across the 49-day period averages ... (full story)
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Form 8-K
On April 5, 2022, MicroStrategy Incorporated (“MicroStrategy”) announced that, during the period between February 15, 2022 and April 4, 2022, MicroStrategy, through its wholly-owned subsidiary, MacroStrategy LLC (“MacroStrategy”), acquired approximately 4,167 bitcoins for approximately $190.5 million in cash, at an average price of approximately $45,714 per bitcoin, inclusive of fees and expenses. As of April 4, 2022, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 129,218 bitcoins, which were acquired at an aggregate purchase price of approximately $3.97 billion and an ... (full story)
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