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MicroStrategy buys 3,000 Bitcoin for $155 million

Published 02/26/2024, 08:41 AM
Updated 02/26/2024, 08:44 AM
© Reuters MicroStrategy (MSTR) buys 3,000 Bitcoin for $155 million

Michael Saylor’s MicroStrategy (MSTR) has purchased an additional 3,000 Bitcoins for approximately $155 million, with an average price of $51,813 per Bitcoin, the securities filings showed on Monday.

The company’s shares rose more than 1.8% in premarket trading.

As of February 25, 2024, MicroStrategy now possesses 193,000 Bitcoins, obtained for around $6.09 billion, with an average price of $31,544 per Bitcoin.

Based on current prices, MSTR’s Bitcoin holdings are valued at slightly under $10 billion, resulting in a return of nearly 63%.

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