S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

Microstrategy Bought 301 BTC at an Average Price of $19,851 in the Bear Market

Photo of 247patrick
By 247patrick Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Microstrategy Bought 301 BTC at an Average Price of $19,851 in the Bear Market

© skodonnell / Getty Images

Microstrategy bought 301 Bitcoins between 2nd August 2022 to 20th September 2022 according to a recent SEC filing. The software firm is seen by many as a proxy for Bitcoin driven by ex-CEO Michael Saylor’s vision and ideals. The average purchase price was $19,851 inclusive of fees and expenses.

MSTR Purchases More Bitcoin:

  • Microstrategy announced its purchase of 301 BTC via a recent filing. The average price for the purchase was significantly lower than their overall average holding price of $30,369/BTC.
  • Michael Saylor had recently stepped down from the CEO role to focus on the bitcoin acquisition strategy of the firm.
  • The company’s bitcoin holdings inclusive of its subsidiaries stood at 130,000 BTC worth $3.98 billion.
  • The company had previously stated it might be looking to fund bitcoin purchases using cash proceeds from selling its stock.

This article originally appeared on The Tokenist

Photo of 247patrick
About the Author 247patrick →

Continue Reading

MicroStrategy Bought 1,045 More Bitcoins, Now Holds 140,000 BTC
247patrick |

MicroStrategy Bought 1,045 More Bitcoins, Now Holds 140,000 BTC

The latest investment brings the company’s total bitcoin holdings to 140,000 BTC, worth more than $4 billion.

MicroStrategy Up 3% in Premarket as Its BTC Holdings Turn Profitable
247patrick |

MicroStrategy Up 3% in Premarket as Its BTC Holdings Turn Profitable

MicroStrategy has resumed its bitcoin buying spree as part of its bold bet on cryptocurrency. 

MicroStrategy Tops Up Bitcoin Holdings to $4.68B, Stock Down 0.8%
247patrick |

MicroStrategy Tops Up Bitcoin Holdings to $4.68B, Stock Down 0.8%

MicroStrategy is the largest corporate holder of Bitcoin, with holdings worth more than $4 billion.

Is MicroStrategy Heading for a Massive Correction?
Rich Duprey |

Is MicroStrategy Heading for a Massive Correction?

It was announced on Dec. 13 that Bitcoin (CRYPTO:BTC) hoarder MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction) would be added to…

MicroStrategy’s Shares Up 122% YTD as Bitcoin Hovers Near $30K
247patrick |

MicroStrategy’s Shares Up 122% YTD as Bitcoin Hovers Near $30K

Shares of MicroStrategy, the business intelligence firm founded by Bitcoin maximalist Michael Saylor, have soared in 2023.

MicroStrategy Repaid Its $205M Debt to a Collapsed Bank With a 21% Discount
247patrick |

MicroStrategy Repaid Its $205M Debt to a Collapsed Bank With a 21% Discount

Not only did MicroStrategy pay the loan two years ahead of maturity, but it also bought another round of bitcoins.

Microstrategy Gains 11% as Firm Plans to Sell Stock and Buy Bitcoin
247patrick |

Microstrategy Gains 11% as Firm Plans to Sell Stock and Buy Bitcoin

Microstrategy shares have surged over 11% after the company revealed that it aims to sell as much as $500 million…

MicroStrategy Now Holds 1 of Every 150 BTC With Seemingly No Exit Strategy
247patrick |

MicroStrategy Now Holds 1 of Every 150 BTC With Seemingly No Exit Strategy

Michael Saylor buying more bitcoins is a common deja vu culprit.

Surprise! MicroStrategy Pauses Bitcoin Buying Spree, Shares Soar
Rich Duprey |

Surprise! MicroStrategy Pauses Bitcoin Buying Spree, Shares Soar

MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction) shocked the market yesterday by announcing it didn’t buy any Bitcoin (CRYPTO:BTC) during the…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820