MicroStrategy (Nasdaq: MSTR) paid $94.2 million in cash to buy another 1,914 Bitcoins between Dec. 9 and Dec. 29, bringing the Tysons, Virginia-based software program firm’s whole Bitcoins to as much as 124,391 items valued at roughly $3.75 billion, the Washington Enterprise Journal reported Thursday.
MicroStrategy’s closing 2021 buy represented $49,229 per Bitcoin, together with bills and costs, in line with a submitting with the Securities and Change Fee.
The corporate stated in its third-quarter earnings report that it purchased 43,573 items of Bitcoin for $2.035 billion through the first 9 months of calendar 12 months 2021.
MicroStrategy has funded its digital forex purchases since June by inventory gross sales price $1 billion based mostly on an open market sale settlement it signed with Jefferies. To fund its newest Bitcoin purchase, the corporate bought 167,759 shares at $565.78 apiece through the closing weeks of the 12 months, enabling it to lift $94.2 million.
MicroStrategy CEO Michael Saylor stated the corporate has no plans of promoting the Bitcoins it has bought.
“We imagine that Bitcoin represents an awesome long-term funding for the shareholders,” he added.
The Potomac Officers Membership’s Digital Currency and National Security on Jan. 27 will function Saylor as one of many audio system throughout a hearth chat session to share his insights on the tendencies shaping the way forward for cryptocurrency.
