CryptoNews

MicroStrategy Buys Another $94.2M of Bitcoin, avg. price of $49,229 per BTC

Michael Saylor

MicroStrategy (Nasdaq: MSTR), the company that works on Business Intelligence has announced another purchase of a lot of Bitcoins, and this time, the number of BTC accumulated in a single purchase is 1,914. The recent purchase happened between Dec. 9 and Dec. 29 and the total amount paid was $94.2 million in cash.

The company paid an average price of $49,229 per bitcoin, it said in a statement.

As of Dec. 29, MicroStrategy held about 124,391 bitcoins purchased at an average price of $30,159. Bitcoin is currently trading about $47,500, valuing the trove at $5.9 billion. The company has a market cap of $6.1 billion, according to Bloomberg data. The company had sold its shares to raise funds to buy these Bitcoins. In the third quarter of 2021, the company had added about 9000 Bitcoins to its holdings.

According to the calculation, 1 out of every 170 Bitcoins is held by MicroStrategy.

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