MicroStrategy closes the year and buys another $95 million worth of bitcoin
With the new investments that added another 1,914 bitcoin to the balance sheet, MicroStrategy now accumulates 124,391 BTCs; at the current price, the balance comes up around $6 billion.
The average amount paid for each BTC unit since the company acquired the asset is approximately $30,000, including fees and expenses. The last units, however, came out in the range of $49,000, says the report.
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The company also reported that in the same period as the bitcoin purchase, it issued and sold an aggregate of 167,759 shares at an average price of $565 each for the company’s net proceeds. This strategy has been taking place at least since June this year, as a way to increase the BTC stock.
At the end of November, with bitcoin falling, company CEO Michael Saylor announced a contribution of US$ 414.4 million from the company to acquire another 7,002 BTC. The precise date of purchase has not been disclosed, but the release confirms that the tokens were purchased between October 1st and November 29th for an average price of approximately $59,187 per bitcoin.
MicroStrategy has become a pioneer when it comes to bitcoin contributions made by publicly traded institutions, with its first purchase made in August 2020.
At the time, the company bought 21,454 bitcoins for $250 million. In this way, the company became the first to buy bitcoin as part of its store-of-value strategy.