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 MSTR a good way to invest in bitcoin?
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 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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