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$1.6 Billion+ in Bitcoin (BTC) Now Held by Nasdaq listed MicroStrategy, Company Stock Surges 5% after Another Large BTC Purchase
December 22, 2020 @ 8:04 am By Omar Faridi
MicroStrategy Incorporated (Nasdaq: MSTR), which claims to be the largest independent publicly-traded business intelligence firm, revealed on December 21, 2020 that it has acquired an additional (approximately) 29,646 Bitcoins valued at around $650 million in cash – a move that’s in accordance or consistent with its Treasury Reserve Policy, at an average price of about $21,925 per coin (these figures are “inclusive of fees and expenses”).
MicroStrategy now holds around 70,470 Bitcoins, as of December 21, 2020. The company confirmed that these transactions were made at “an aggregate purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per bitcoin, inclusive of fees and expenses.” Notably, these figures suggest that MicroStrategy h ....

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