MicroStrategy Buys Another $94.2M of Bitcoin

Posted on by American Coins & Gold

MicroStrategy Buys Another .2M of Bitcoin
MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that’s taken to accumulating bitcoin, said it bought 1,914 bitcoins between Dec. 9 and Dec. 29.The company paid about $94.2 million in cash at an average price of $49,229 per bitcoin, it said in a statement.As of Dec. 29 MicroStrategy held about 124,391 bitcoins purchased at an average price of $30,159. Bitcoin is currently trading about $47,500, valuing the trove at $5.9 billion. The company has a market value of $6.1 billion, according to Bloomberg data.MicroStrategy raised funds for the purchase by selling shares.In the third quarter, the company added almost 9,000 bitcoin…