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MicroStrategy Bought 7K Bitcoins in Fiscal Fourth Quarter for $414M
The business-intelligence software company said it owned 121,044 bitcoins as of Nov. 29, worth about $3.6 billion.
MicroStrategy said it bought 7,002 bitcoins for about $414 million in cash during its fiscal fourth quarter.
- The company bought bitcoins during the quarter for an average price of about $59,000, it said in a statement.
- The largest crypto currency by market capitalization was trading around $57,326 on Monday.
- MicroStrategy now holds 121,044 bitcoins worth about $3.6 billion with an average purchase price of about $29,534 each.
- CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old company. Its other business is developing business-intelligence software.
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
