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Michael Saylor's MicroStrategy buys 2,395 bitcoins at an average price of $17,871 - filing

Published 12/28/2022, 08:43 AM
Updated 12/28/2022, 09:50 AM
© Shutterstock Michael Saylor's Microstrategy (MSTR) buys 2,395 bitcoins at an average price of $17,871 - filing

© Shutterstock Michael Saylor's Microstrategy (MSTR) buys 2,395 bitcoins at an average price of $17,871 - filing

By Senad Karaahmetovic

MicroStrategy (NASDAQ:MSTR) announced today it acquired more bitcoins since November 1. The company acquired approximately 2,395 bitcoins for about $42.8 million in cash, according to today’s filing.

MicroStrategy LLC, a subsidiary of the company co-founded by Michael Saylor, was buying bitcoins at an average price of approximately $17,871 per unit.

“MicroStrategy, together with its subsidiaries, increased its bitcoin holdings by 2,500 bitcoins, from approximately 130,000 bitcoins as of October 31, 2022, to approximately 132,500 bitcoins as of December 27, 2022,” the company said in a filing.

The software business added that the bitcoins it owns were “acquired at an aggregate purchase price of approximately $4.03 billion and an average purchase price of approximately $30,397 per bitcoin, inclusive of fees and expenses.”

As per Coinbase’s data, Bitcoin price trades at $16,650 as of 08:45 ET (13:45 GMT), Wednesday.

Per the filing, Microstrategy raised $46.4 million in cash through an at the market stock sale plan, having sold 218,575 shares at an average price of $213.16.

Microstrategy shares traded about flat in early Wednesday trading at $148/share.

Latest comments

I can't wait to see the demise of Saylor and MSTR. I am not envious, he's just full of c r a p - to!
The best move of the century
Good way to head to bankrupcy
I would not touch MSTR, not even with a stick...
I agree though in 2025 MSTR will be looking outstanding. one year after the Bitcoin halving.
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