MicroStrategy (MSTR) said in a regulatory filing on Tuesday that it has acquired 11,000 bitcoins at a price of $101,191, for a total of about $1.1 billion in cash between Jan. 13 and Jan. 20.
The bitcoin purchases were funded using proceeds from the issuance and sale of 3 million shares of the company during the same week, the regulatory filing said.
The company also said in the filing that as of Jan. 20 the company and its subsidiaries held about 461,000 bitcoins, acquired for about $29.3 billion, at an average purchase price of approximately $63,610 per bitcoin.
Shares of the company were down more than 1% in Wednesday's premarket activity. Bitcoin was trading at about $104,986.
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