tl;dr
MicroStrategy has announced the purchase of 2,530 BTC for approximately $243 million, at an average price of $95,972 per bitcoin. This brings their total Bitcoin holdings to 450,000 BTC, acquired at an average price of $62,691. The purchase comes amidst a significant price drop for Bitcoin, which fe...
MicroStrategy has announced the purchase of 2,530 BTC for approximately $243 million, at an average price of $95,972 per bitcoin. This brings their total Bitcoin holdings to 450,000 BTC, acquired at an average price of $62,691. The purchase comes amidst a significant price drop for Bitcoin, which fell to its lowest point since November, dipping below $91,000. Additionally, MSTR's stock price has decreased by 20% since mid-December, following its inclusion in the NASDAQ 100 index.
After last week’s more modest purchase of roughly $100 million, the world’s largest corporate bitcoin holder has splashed nearly $250 million this time to acquire 2,530 BTC. The average price comes at $95,972 per BTC, and the total stash has grown to precisely 450,000 BTC, bought at an average price of $62,691. The latest acquisition comes at a rather bad time for bitcoin’s price. The cryptocurrency stood close to $96,000 earlier this morning but slumped by over five grand within hours and plunged to its lowest position since November of under $91,000. MSTR’s price has also taken a hit on a monthly scale, being down by 20% since mid-December. The shares went downhill after the company’s inclusion into the NASDAQ 100.