© Shutterstock Michael Saylor’s Microstrategy (MSTR) buys 2,395 bitcoins at an average price of $17,871 – filing
By Senad Karaahmetovic
MicroStrategy (NASDAQ:) announced today it acquired more bitcoins since November 1. The company acquired approximately 2,395 bitcoins for about $42.8 million in cash, according to today’s filing.
MicroStrategy LLC, a subsidiary of the company co-founded by Michael Saylor, was buying bitcoins at an average price of approximately $17,871 per unit.
“MicroStrategy, together with its subsidiaries, increased its bitcoin holdings by 2,500 bitcoins, from approximately 130,000 bitcoins as of October 31, 2022, to approximately 132,500 bitcoins as of December 27, 2022,” the company said in a filing.
The software business added that the bitcoins it owns were “acquired at an aggregate purchase price of approximately $4.03 billion and an average purchase price of approximately $30,397 per bitcoin, inclusive of fees and expenses.”
As per Coinbase’s data, price trades at $16,650 as of 08:45 ET (13:45 GMT), Wednesday.
Per the filing, Microstrategy raised $46.4 million in cash through an at the market stock sale plan, having sold 218,575 shares at an average price of $213.16.
Microstrategy shares traded about flat in early Wednesday trading at $148/share.
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