MicroStrategy and Subsidiaries Expand Bitcoin Holdings with Additional $615.7 Million Investment.
Summary:
MicroStrategy and its subsidiaries continue to increase their Bitcoin holdings, with their latest acquisition of 14,620 BTC for $615.7 million in cash between November 20 and December 26, 2023. Their total Bitcoin holdings now stand at 189,150 bitcoins, amounting to an estimated total investment of around $5.9 billion, at an average cost per Bitcoin of approximately $31,168.
In the midst of expectations for a Bitcoin (BTC) spot exchange-traded fund (ETF) approval in the U.S., MicroStrategy continues to gather more BTC. The business intelligence company, along with its partner entities, procured an additional 14,620 BTC, an investment of $615.7 million in cash, between November 20th and December 26th, 2023. This has been officially confirmed in in the company's 8-K report with the U.S. Securities and Exchange Commission. Including fees and other costs, each BTC purchased during this period amounted to approximately $42,110, according to the filed document. The total Bitcoin inventory of MicroStrategy and its subsidiaries now stands at 189,150 bitcoins, acquired at an estimated total cost of around $5.9 billion and an average per BTC of approximately $31,168. Further updates will be provided as more information surfaces.
Published At
12/27/2023 4:32:47 PM
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