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.
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