Posted 12/27/2023, 2:13:00 PM
MicroStrategy Buys $615 Million More Bitcoin, Holds $5.9 Billion Total After Latest Purchase
- MicroStrategy buys $615M more bitcoin, now holds 189,150 BTC worth $5.9B
- Purchase made at average price of $42,110 per bitcoin
- Company began acquiring bitcoin in August 2020, average purchase price $31,168
- Recently raised $610M through share offering to fund bitcoin purchases
- MicroStrategy shares up 315% YTD versus bitcoin's 200% as investors optimistic about bitcoin ETF approval