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MicroStrategy buys 4,048 Bitcoin for $449.3 million
MicroStrategy Incorporated, doing business as Strategy, acquired another 4,048 Bitcoin for approximately $449.3 million in the week between August 26 and September 1, according the the company's Securities and Exchange Commission (SEC) filing released on Tuesday. The company bought Bitcoin at an average price of approximately $110,981 per Bitcoin, which includes fees and expenses. After this purchase, MicroStrategy and its subsidiaries currently hold 636,505 Bitcoin, acquired at an aggregate price of approximately $46.9 billion, or around $73,765 per Bitcoin. Strategy's stock dropped by 0.89% during premarket trading ... (full story)
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