MicroStrategy bought additional bitcoins for $ 414 million

Get real time updates directly on you device, subscribe now.

MicroStrategy continues to purchase bitcoins – from October 1 to October 29, the company bought another 7,002 BTC for $ 414.4 million. Now, 121,044 BTC are stored in MicroStrategy wallets.

The MicroStrategy report says the company issued and sold 571,001 shares during the period at an average price of $ 732.16. The total sale of shares was $ 414.4 million, and all the money went to buy bitcoins.

“MicroStrategy acquired another 7,002 BTC for $ 414.4 million at an average price of $ 59,187 per bitcoin. As of November 29, we purchased 121,044 BTC for $ 3.57 billion at an average price of $ 29,534 per bitcoin “, – wrote MicroStrategy CEO Michael Saylor on Twitter.

At the rate at the time of publication, bitcoins in MicroStrategy wallets are valued at $ 6.84 billion. The company began buying the first cryptocurrency in August last year. In June, MicroStrategy sold $ 500 million in bonds and began selling $ 1 billion in shares to buy BTC.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

buy kamagra buy kamagra online $255 payday loans online same day no denial payday loans direct lenders only