MicroStrategy bought another $10 million worth of bitcoin, now holds over 92,000 bitcoins

MicroStrategy Inc.
MSTR,
-6.13%
disclosed Tuesday that it simply spent $10.9 million to purchase 229 bitcoins, at a mean worth of $43,663 per bitcoin, together with charges. Bitcoin
BTCUSD,
+0.03%
was just lately buying and selling up 2.9% at $45,012, based on FactSet, whereas MicroStrategy’s inventory was up 1.3% in premarket buying and selling. The enterprise software program and bitcoin play, which has mentioned it makes use of bitcoin as its main treasury asset, mentioned it now holds 92,079 bitcoins, acquired for $2.25 billion at a mean buy worth of $24,450 per bitcoin. MicroStrategy shares have tumbled 47.3% over the previous three months by means of Monday, whereas bitcoin has dropped 12.8%, the SPDR S&P Software & Services ETF
XSW,
-0.93%
has declined 11.4% and the S&P 500
SPX,
-0.25%
has gained 6.4%.

Recommended For You

About the Author: Daniel