MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.
Read moreHow much bitcoin does MSTR 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 moreIs MSTR a proxy for bitcoin?
MicroStrategy, which made bitcoin acquisition a second mandate earlier this year, had since become a sort of bitcoin-proxy investment for investors looking for exposure to crypto.
Read moreIs MicroStrategy a bitcoin ETF?
MicroStrategy (MSTR) Stock Falls Following Launch of First Bitcoin ETF – Bloomberg.
Read moreDid MicroStrategy sell BTC?
MicroStrategy (MSTR) Will Never Sell Its Bitcoin (BTC) Says CEO – Bloomberg.
Read moreHow much bitcoin 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.
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