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MicroStrategy buys 1,286 Bitcoin for $116.3 million
MicroStrategy Incorporated, doing business as Strategy, acquired another 1,286 Bitcoin for approximately $116.3 million in the week between December 29 and January 4, according to the company's Securities and Exchange Commission (SEC) filing released on Monday. The company acquired Bitcoin at an average price ranging from $88,221 to $90,615 per Bitcoin, which includes fees and expenses. After this purchase, MicroStrategy and its subsidiaries currently hold 673,783 Bitcoin, acquired at an aggregate price of approximately $50.55 billion, or around $75,026 per Bitcoin. Strategy's stock jumped by 4.40% during premarket ... (full story)
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