MicroStrategy Inc. MSTR, +6.24% disclosed Friday that it just spent $15.0 million to buy 262 bitcoins, for an average price of $57,146, including fees. Shares of the enterprise software and bitcoin holder fell 4.5% in premarket trading, bitcoin dropped 3.2%. MicroStrategy said it now owns about 91,326 bitcoins, which it bought for $2.21 billion at an average price of $24,214 per bitcoin. At current prices, that bitcoin holding would be valued at about $5.1 billion. MicroStrategy’s stock has soared 181.1% over the past three months through Thursday, while bitcoin has run up 209.4% and the S&P 500 SPX, +1.04% has advanced 7.5%.
View Article Origin Here
