MicroStrategy stock rises as the company buys more bitcoins for $ 49,000

U.S. firm MicroStrategy announced that it has spent an additional $ 94 million on Bitcoin (BTC) to help keep its balance sheet, bringing the company’s total equity holdings to 124,391 BTC ($ 5.9 billion).

MicroStrategy stock rises as the company buys more bitcoins for $ 49,000
MicroStrategy stock rises as the company buys more bitcoins for $ 49,000

MicroStrategy buys more bitcoins for $ 49,000

MicroStrategy has “acquired” again, adding 1,914 Bitcoins at an average price of $ 49,229 / BTC. The company currently holds 124,391 bitcoins, the largest amount of corporate bitcoin holdings besides trusts and exchange traded funds (ETFs).

MicroStrategy said in a filing with the U.S. Securities and Exchange Commission (SEC) on Thursday that it purchased nearly two thousand new bitcoins for $ 94.2 million between December 9 and 29.

“MicroStrategy bought an additional 1,914 bitcoins for ~ $ 94.2 million in cash at an average price of $ 49,229 per bitcoin. On December 29th, 21 we bought #hodl ~ 124,391 Bitcoins back for ~ 3.75 billion USD at an average price of ~ 30,159 USD / Bitcoin. “, MicroStrategy CEO Michael Saylor tweeted Thursday to announce the purchase.

MicroStrategy stock rises as the company buys more bitcoins for $ 49,000

This purchase was funded in full through the sale of MicroStrategy’s Class A common stock during the same period. The company sold a total of 167,759 shares under a free trade agreement in June at an average price of $ 565.78 per share.

MicroStrategy’s bitcoin buying strategies are very popular these days. The company uses new BTC every time the market falls to ensure cheap bitcoins at a discounted price.

The acquisition follows two significant purchases last month. On November 29, MicroStrategy announced that it had bought a whopping $ 400 million worth of Bitcoin, with a total of 7,000 BTC added to its holdings shortly after the market collapsed. Less than two weeks later, the software company added 1,434 bitcoins to its inventory in a $ 82 million purchase.

MicroStrategy shares rise as the company buys more bitcoins for $ 49,000

As is common with MicroStrategy’s bitcoin purchases, CEO Michael Saylor shared the move on Twitter.

Saylor said: “MicroStrategy bought an additional 1,914 bitcoins for ~ $ 94.2 million in cash at an average price of $ 49,229 / bitcoin.”

Following the announcement, MicroStrategy’s shares rose slightly and are now 1.04% higher for the day. Gains come after the stock traded lower for most of November and December, losing nearly 37% since its November 9 high.

The announcement comes less than a month after Saylor last said his company bought more BTC.

On December 9, the bitcoin bull said the company had bought 1,434 bitcoins – slightly less than yesterday’s purchases in both BTC and USD. The coins were subsequently purchased at an average price of $ 57,477, much higher than today’s purchase price.

MicroStrategy stock rises as the company buys more bitcoins for $ 49,000

The latest announcement from Saylor was – as always – welcomed by the Bitcoin community. However, some have wondered why the company’s average price is above $ 49,000 while the current market price is between $ 46,000 and $ 47,000.

The Bitcoin market has so far not responded significantly to the purchases and sales. As of 15:38 UTC yesterday, BTC lost 1.2% in 24 hours and was trading at $ 47,404 per coin.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

MicroStrategy stock rises as the company buys more bitcoins for $ 49,000

U.S. firm MicroStrategy announced that it has spent an additional $ 94 million on Bitcoin (BTC) to help keep its balance sheet, bringing the company’s total equity holdings to 124,391 BTC ($ 5.9 billion).

MicroStrategy stock rises as the company buys more bitcoins for $ 49,000
MicroStrategy stock rises as the company buys more bitcoins for $ 49,000

MicroStrategy buys more bitcoins for $ 49,000

MicroStrategy has “acquired” again, adding 1,914 Bitcoins at an average price of $ 49,229 / BTC. The company currently holds 124,391 bitcoins, the largest amount of corporate bitcoin holdings besides trusts and exchange traded funds (ETFs).

MicroStrategy said in a filing with the U.S. Securities and Exchange Commission (SEC) on Thursday that it purchased nearly two thousand new bitcoins for $ 94.2 million between December 9 and 29.

“MicroStrategy bought an additional 1,914 bitcoins for ~ $ 94.2 million in cash at an average price of $ 49,229 per bitcoin. On December 29th, 21 we bought #hodl ~ 124,391 Bitcoins back for ~ 3.75 billion USD at an average price of ~ 30,159 USD / Bitcoin. “, MicroStrategy CEO Michael Saylor tweeted Thursday to announce the purchase.

MicroStrategy stock rises as the company buys more bitcoins for $ 49,000

This purchase was funded in full through the sale of MicroStrategy’s Class A common stock during the same period. The company sold a total of 167,759 shares under a free trade agreement in June at an average price of $ 565.78 per share.

MicroStrategy’s bitcoin buying strategies are very popular these days. The company uses new BTC every time the market falls to ensure cheap bitcoins at a discounted price.

The acquisition follows two significant purchases last month. On November 29, MicroStrategy announced that it had bought a whopping $ 400 million worth of Bitcoin, with a total of 7,000 BTC added to its holdings shortly after the market collapsed. Less than two weeks later, the software company added 1,434 bitcoins to its inventory in a $ 82 million purchase.

MicroStrategy shares rise as the company buys more bitcoins for $ 49,000

As is common with MicroStrategy’s bitcoin purchases, CEO Michael Saylor shared the move on Twitter.

Saylor said: “MicroStrategy bought an additional 1,914 bitcoins for ~ $ 94.2 million in cash at an average price of $ 49,229 / bitcoin.”

Following the announcement, MicroStrategy’s shares rose slightly and are now 1.04% higher for the day. Gains come after the stock traded lower for most of November and December, losing nearly 37% since its November 9 high.

The announcement comes less than a month after Saylor last said his company bought more BTC.

On December 9, the bitcoin bull said the company had bought 1,434 bitcoins – slightly less than yesterday’s purchases in both BTC and USD. The coins were subsequently purchased at an average price of $ 57,477, much higher than today’s purchase price.

MicroStrategy stock rises as the company buys more bitcoins for $ 49,000

The latest announcement from Saylor was – as always – welcomed by the Bitcoin community. However, some have wondered why the company’s average price is above $ 49,000 while the current market price is between $ 46,000 and $ 47,000.

The Bitcoin market has so far not responded significantly to the purchases and sales. As of 15:38 UTC yesterday, BTC lost 1.2% in 24 hours and was trading at $ 47,404 per coin.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

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