MicroStrategy buys another 12,333 bitcoins for $347 million
Michael Saylor’s MicroStrategy purchased an additional 12,333 bitcoins for a total of $347 million in cash, at an average price of around $28,136 per bitcoin, between April 29 and June 27, according to a Securities and Exchange Commission filing submitted Wednesday.
This latest purchase brings the company’s total bitcoin holdings up to around 152,333 bitcoins, worth roughly $4.6 billion at the current bitcoin price of around $30,300. The company acquired these bitcoins at a total price of around $4.52 billion, with an average purchase price of about $29,668 per bitcoin, inclusive of fees and expenses.
The latest massive purchase comes two months after MicroStrategy acquired an additional 1,045 bitcoins for a total of $23.9 million in April.
This is a developing story and will be updated…
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Author: Yogita Khatri
