MicroStrategy buys more bitcoin ahead of bitcoin ETF deadline

MicroStrategy continues to load up on bitcoin with a purchase of 14,620 bitcoin.

The company shelled out $615 million for its most recent purchase, meaning that it’s spent nearly $1.2 billion on bitcoin since November. Previous disclosures, filed at the end of November, showed that the company bought roughly 16,000 bitcoin for nearly $600 million.

MicroStrategy Chairman and former CEO Michael Saylor posted on X that the company acquired its bitcoin at an average price of $31,168. In total, it’s spent roughly $5.9 billion for its 189,150 bitcoin. 

Read more: MicroStrategy bought nearly $600M bitcoin in less than 1 month

The 14,620 bitcoin acquired as of Dec. 27 were acquired at an…

Read more on Blockworks

75.6K Reads