Coinspeaker
MicroStrategy Increases Its Bitcoin Holdings While Also Selling Off 704 Units
The most Bitcoin (BTC) bullish Wall Street company in the world, MicroStrategy Incorporated (NASDAQ: MSTR) has announced it has increased its Bitcoin holdings by exactly 2,395 units as of Tuesday, December 27.
According to the regulatory filing published by the firm, the acquisition of the digital currency spanned from November 1 this year through December 21. The purchases were made via the company’s wholly-owned subsidiary, MacroStrategy LLC and it is worth a monetary value of $42.8 million in cash, at an average price of approximately $17,871 per bitcoin, inclusive of fees and expenses.
With its latest acquisitions, the company’s founder and Executive Chairman Michael Saylor confirmed via Twitter that the firm now holds approximately 132,500 bitcoin acquired for about $4.03 billion at an average price of roughly $30,397 per BTC.
MicroStrategy has increased its #Bitcoin Holdings by ~2,500
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