MicroStrategy acquires 11,000 Bitcoin for $1.1B - Breaking The News

MicroStrategy acquires 11,000 Bitcoin for $1.1B

21 January

1 min read

EPA-EFE/SASCHA STEINBACH

MicroStrategy Incorporated has disclosed that it acquired another 11,000 Bitcoins for $1.1 billion in cash between January 13 and January 120, at an average price of approximately $101,191 per Bitcoin, a Securities and Exchange Commission (SEC) filing showed on Tuesday.

According to the company's filing, the transaction was financed through the sale of business stock under a previously announced sale agreement.

MicroStrategy stated that as of December 20, its total Bitcoin holdings, including those of its subsidiaries, stand at 461,000 BTC. The aggregate purchase cost for the assets is approximately $29.3 billion, with an average price of $63,610 per BTC, including fees and expenses.

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