Seeking Alpha
2023-04-05 15:07:31

Michael Saylor's MicroStrategy buys 1,045 more bitcoins for $29.3M

MicroStrategy ( NASDAQ: MSTR ) bought an additional 1,045 bitcoins ( BTC-USD ) for a total of ~$29.3M in cash, at an average price of $28,016, between March 23 and April 4, it said in SEC filing dated Wednesday. That brings the Michael Saylor-founded company's bitcoin ( BTC-USD ) holdings to around 140K, worth $3.92B at the current price of $28,061. The average purchase price of those holdings stood at $29,803 as of Tuesday. With bitcoin ( BTC-USD ) edging down 0.2% in morning trading, shares of MicroStrategy ( MSTR ), seen as a high-beta version of the underlying token, slid 3.1% . The news comes just days after the software company said it acquired more than 6,000 bitcoins since mid-February and raised over $300M from the sale of its shares.

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