MicroStrategy Buys 1,434 Bitcoin For $82 Million


Software intelligence company and bitcoin accumulator MicroStrategy has increased its BTC holdings with a recent acquisition of 1,434 coins, according to a Securities and Exchange Commission (SEC) filing Thursday. The purchase was made between November 29 and December 8 for $82.4 million in cash, valuing each BTC bought at about $57,477 on average.

The acquisition came a little over a week after the company announced it had purchased more than 7,000 BTC for $414.4 million. MicroStrategy said it now holds approximately 122,478 bitcoin acquired at an average price of $29,861 per coin, an aggregate purchase price of $3.66 billion. At the time of writing, the company’s bitcoin holdings are worth about $6 billion.

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