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MicroStrategy buys 220 Bitcoin for $27.2 million
MicroStrategy Incorporated, doing business as Strategy, revealed on Monday that it acquired 220 Bitcoin for $27.2 million in the week between October 6 and October 12. According to the company's Securities and Exchange Commission (SEC) filing, Strategy bought Bitcoin at an average price of approximately $123.561 per Bitcoin, including fees and expenses. It used proceeds from the sale of 107,663 of its STRF At-The-Market (ATM) programs, 16,873 of its STRK ATM programs, and 68,775 of its STRD ATM programs, which generated net proceeds of $27.3 million. After the latest purchase, the company's total amount of Bitcoin ... (full story)
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