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MicroStrategy buys 520 Bitcoin for $34.9 million
MicroStrategy Incorporated, doing business as Strategy, acquired 520 Bitcoin for approximately $39.4 million during the week between June 15 and June 21, a filing sent to the Securities and Exchange Commission (SEC) showed on Monday. The company bought Bitcoin at an average price of approximately $67,068 per Bitcoin, including fees and expenses. It purchased cryptocurrency using proceeds generated from the sale of its stock. MicroStrategy and its subsidiaries currently hold 847,363 Bitcoin, acquired at an aggregate price of approximately $64.10 billion, or around $75,651 per Bitcoin. The company's stock climbed 4.19% ... (full story)
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