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Home»ADOPTION NEWS»MicroStrategy has purchased an additional 18,300 Bitcoins for $1.1 billion, bringing its holdings to 244,800.
ADOPTION NEWS

MicroStrategy has purchased an additional 18,300 Bitcoins for $1.1 billion, bringing its holdings to 244,800.

By Crypto FlexsSeptember 14, 20242 Mins Read
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MicroStrategy has purchased an additional 18,300 Bitcoins for .1 billion, bringing its holdings to 244,800.
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MicroStrategy, a business intelligence firm and corporate Bitcoin holder, has acquired an additional 18,300. Bitcoin

-0.91%
According to the SEC, from August 6 to September 12, the average price per bitcoin was $60,408, or about $1.11 billion. Submit on Friday.

The company currently holds 244,800 BTC, which is worth about $14 billion. MicroStrategy’s total holdings were purchased at an average of $38,585 per bitcoin, and the total cost, including fees and expenses, is about $9.45 billion, according to Michael Saylor, the company’s founder and chairman.

The recent acquisition was made using proceeds from the issuance and sale of the company’s stock pursuant to an agreement to offer up to $2 billion in stock through a sales agent in August. As of September 12, the company confirmed that it had sold a total of 8,048,449 shares under the agreement, valued at $1.11 billion.

MicroStrategy’s latest Bitcoin purchase follows its acquisition of 12,222 BTC for $805 million in August. The firm also introduced new key performance indicators for its Bitcoin strategy.

MicroStrategy shares were flat in premarket trading Friday morning, up 0.1% to $130.88, according to TradingView. The stock is down 1% in the past month, but up 89% since the beginning of the year and up 277% in the past year.

MSTR/USD price chart. Image: TradingView.

According to The Block’s Bitcoin price page, Bitcoin is currently trading at $57,800, down 0.4% over the last 24 hours.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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