Key Takeaways
- MicroStrategy buys 18,300 Bitcoin for $1.1 billion.
- Company now holds 244,800 BTC worth approximately $14 billion.
- The purchase was funded by the sale of 8,048,449 shares.
MicroStrategy has made another large Bitcoin purchase, acquiring 18,300 BTC for approximately $1.11 billion at an average price of $60,408 per Bitcoin.
This acquisition took place between August 6 and September 12, as revealed in a recent SEC filing.
Latest
With this latest buy, the company now holds a total of 244,800 Bitcoin, currently valued at around $14 billion.
MicroStrategy’s average price for all its Bitcoin purchases is approximately $38,585 per BTC, with a total spend of $9.45 billion, including fees.
Funding
The company funded the latest purchase by selling 8,048,449 shares under an agreement to offer up to $2 billion of its stock.
This purchase follows an earlier buy in August, when the company acquired 12,222 BTC for $805 million. At that time, MicroStrategy also introduced a new performance indicator for its Bitcoin strategy.
Stock price
MicroStrategy’s share price saw little movement following the news, rising 0.1% in pre-market trading to $130.88.
While the stock is down 1% in the past month, it has surged 89% year-to-date and 277% over the past year. Bitcoin, meanwhile, was trading at $57,800, down 0.4% in the last 24 hours.
