MicroStrategy Buys More Bitcoins for $561 Million

MT Newswires Live

2024/12/24

MicroStrategy (MSTR) said Monday it acquired 5,262 bitcoins for $561 million in cash on Dec. 16-22.

The purchases were at an average price of $106,662 per bitcoin using proceeds from the sale of about 1.3 million class A common shares, the company said in a regulatory filing.

As of Sunday, the company and its subsidiaries held 444,262 bitcoins at an aggregate price of $27.7 billion with an average purchase price of $62,257 per bitcoin, according to the filing.

MicroStrategy shares fell 5.1% in recent Monday trading.

Price: 345.60, Change: -18.60, Percent Change: -5.11

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