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MicroStrategy Stock Climbs After Bitcoin Purchase: Here's How Much BTC Michael Saylor's Company Now Holds

Benzinga ·  Sep 13 23:47

Software companyMicroStrategy Inc(NASDAQ:MSTR) has purchased moreBitcoin(CRYPTO: BTC), continuing the company's strategy of buying the leading cryptocurrency asset.

What Happened: MicroStrategy announced Friday it acquired 18,300 Bitcoin between Aug. 6 and Sept. 12. The announcement comes days after MicroStrategy Executive ChairmanMichael Saylorhighlighted the company's outperformance compared to all the S&P 500 companies.

The software company co-founded by Saylor said the 18,300 Bitcoin were acquired for around $1.11 billion in cash at an average price of $60,408 per bitcoin. The purchases were done with proceeds from a recent share issuance.

The software company co-founded by Saylor said...

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