The latest buy comes a few weeks after MicroStrategy had added $177 million in cash at an average price of about $45,294. The firm owned 0.58% of the roughly 18.75 million bitcoins mined to date, which is the highest amount of bitcoin holdings for a public company, according to data by Buy Bitcoin Worldwide.13 Eyl 2021
Read moreHow many BTC does MicroStrategy own?
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.
Read moreDoes MicroStrategy invest in bitcoin?
MicroStrategy has made more than $750 million on its bitcoin investment at the current price , said Brent Thill, a senior analyst at Jefferies Group LLC, a financial-services firm. But some investors are concerned the company isn’t focusing enough on its core business, he said.
Read moreWhen did MicroStrategy start buying bitcoin?
Key Facts. The company, which started buying cryptocurrency for its balance sheet in August 2020 , says it now holds approximately 125,051 bitcoins, purchased for nearly $3.8 billion, or an average price of $30,200 per coin.1 Şub 2022
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