MicroStrategy has bought 2,500 bitcoins for $45 million

MicroStrategy has bought 2,500 bitcoins for $45 million

Author: Robert Strickland

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.


-OKX crypto-exchange will exclude futures with Filecoin and Chainlink

-Investors sue cryptocurrency exchange Gemini for fraud

-Nexo pulled out of negotiations to acquire Vauld

-Bitcoin miners' prices collapsed to one-year lows

-Testimony from former FTX executives and an SEC investigation. Highlights of the week

-Mango Markets hacker arrested in Puerto Rico


Other news

Ledger has raised almost €100 million
U.S. vs. Binance. Who will benefit from the problems of the largest cryptocurrency exchange
A division of one of Germany's largest stock exchanges received a cryptolic license
Crypto project raises $40 million to develop artificial intelligence
Stacking platform tokens rose in price after Ethereum announcement of the update date
DeFi project SafeMoon lost $9 million in hacks