MicroStrategy Buys 3,200 Bitcoin at ~$78,000 Each
MicroStrategy reported buying 3,200 bitcoin at an average price of about $78,000 per coin in recent regulatory filings.
MicroStrategy, led by executive chairman Michael Saylor, reported it purchased 3,200 bitcoin at an average price of about $78,000 per coin, for a total near $249.6 million.
The company disclosed the transaction in securities filings that describe its accumulation of bitcoin for the corporate treasury.
MicroStrategy, a Nasdaq-listed business intelligence firm, began allocating part of its treasury to bitcoin in 2020 and has made periodic purchases since then.
Past filings and investor communications indicate the company has at times raised capital through debt and equity to fund additional bitcoin purchases.
Michael Saylor, who served as chief executive before becoming executive chairman, has promoted bitcoin as a reserve asset in public statements and investor materials.
The company’s bitcoin holdings and acquisition history are detailed in its public filings and investor disclosures.
At the reported average price, the 3,200 coins cost approximately $250 million.
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