MicroStrategy buys additional 11,931 bitcoin for $786 million | Headlines | News | CoinMarketCap

06/20/2024 20:54
MicroStrategy buys additional 11,931 bitcoin for $786 million | Headlines | News | CoinMarketCap

Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 11,931 BTC for approximately $786 million at an average …

Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 11,931 BTC for approximately $786 million at an average price of $65,883 per bitcoin between April 27 and June 19, according to a filing on Thursday.

The company now holds 226,331 BTC, worth roughly $14.9 billion. MicroStrategy’s total holdings were bought at an average price of $36,798 per bitcoin, or around $8.33 billion, inclusive of fees and expenses, according to the company's founder and executive chairman Michael Saylor.

MicroStrategy’s latest bitcoin purchase follows its acquisition of 9,245 BTC for $623 million in March, followed by two smaller purchases, which took the firm’s holdings over 1% of the total 21 million bitcoin supply for the first time. 

MicroStrategy’s share …

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