MicroStrategy adds to Bitcoin stake despite steep loss By Cointelegraph
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© Reuters. According to a new filing with the U.S. Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total of $42.8 million during the period Nov. 1 and Dec. 21. Subsequent to the development, the company sold 704 BTC at $16,776 per coin for a total of $11.8 million on Dec. 22. On Dec. 24, MicroStrategy acquired approximately 810 BTC for $13.6 million in cash, at an average price of $16,845 per coin.
In a Bloomberg interview published earlier this year, CEO and blockchain personality Michael Saylor told reporters: “We’re only acquiring and holding , right? That’s our strategy. We’re not sellers.” Today’s filing represents the first publicly reported BTC sale by the firm in recent memory. In supporting the decision, MicroStrategy wrote:
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© Reuters. According to a new filing with the U.S. Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total of $42.8 million during the period Nov. 1 and Dec. 21. Subsequent to the development, the company sold 704 BTC at $16,776 per coin for a total of $11.8 million on Dec. 22. On Dec. 24, MicroStrategy acquired approximately 810 BTC for $13.6 million in cash, at an average price of $16,845 per coin.
In a Bloomberg interview published earlier this year, CEO and blockchain personality Michael Saylor told reporters: “We’re only acquiring and holding , right? That’s our strategy. We’re not sellers.” Today’s filing represents the first publicly reported BTC sale by the firm in recent memory. In supporting the decision, MicroStrategy wrote:
Continue Reading on Coin Telegraph
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