MicroStrategy has bought 2,500 bitcoins for $45 million

MicroStrategy has bought 2,500 bitcoins for $45 million

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Author: Robert Strickland
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MicroStrategy has bought 2,500 bitcoins for $45 million
The company holds bitcoin as its main reserve asset and owns more than 132,000 BTC

MicroStrategy added to its bitcoin stockpile by buying about 2,395 BTC for $42.8 million between Nov. 1 and Dec. 21 through a subsidiary. On Dec. 28, the company filed a purchase report with the U.S. Securities and Exchange Commission (SEC).

On Dec. 22, the company sold approximately 704 bitcoins for $11.8 million, assuming the loss would offset the previous capital gain. The company then bought another 810 bitcoins for about $13.6 million on Dec. 24.

Between Oct. 1 and Dec. 27, 2022, MicroStrategy issued and sold a total of 218,575 shares of its own stock at an average gross price of $213.16 per share, generating net proceeds of approximately $46.4 million.

As of December 27, MicroStrategy held 132,500 BTC acquired for $4.03 billion at an average price of approximately $30,397 per BTC.

 

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