MicroStrategy picks up a further 14,620 bitcoin for $615 million
Quick Take MicroStrategy has added to its bitcoin stash, which now amounts to 189,150 bitcoin.
MicroStrategy has purchased a further 14,620 bitcoin over the last month.
The company spent $615.7 million on its latest stash, according to a Form 8-K filing published to its website today, at an average price of $42,110 per bitcoin. The purchases were made between November 30 and December 26.
MicroStrategy now owns 189,150 bitcoin, which it purchased at an average price of $31,168. The company spent $5.89 billion on its holdings, which are currently worth $8.1 billion — up $2.2 billion on paper.
The price of bitcoin has risen over the last month, up from $37,400 to its current price of $42,880, according to The Block's Price Page .
As of December 26, MicroStrategy has also sold 1 million shares, netting its $610 million, as part of an earlier plan to raise $750 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda prepares to send its hydrogen tech to space
Share link:In this post: Honda is working with Sierra Space and Tec-Masters, two space technology companies, to try their high-differential pressure water electrolysis system. Honda aims for hydrogen to help it get all of its cars off carbon by 2040. Honda says it will work with NASA to get the equipment to the ISS on Sierra Space’s Dream Chaser space plane.
ETH just had lowest quarterly return since Q2 2022: Blockworks Research
The network is at a “pivotal juncture,” Blockworks Research’s Marc-Thomas Arjoon said
Riot Platforms Hits Post-Halving Bitcoin Production High as It Expands AI Capacity
Solana Price Pattern Points to a 65% Surge as Key Metric Beats Ethereum by Far
Trending news
MoreCrypto prices
More
