Bitcoin maximalist Michael Saylor on Wednesday announced that MicroStrategy has acquired 2,500 Bitcoins. As of December 27, MicroStrategy holds almost 132,500 bitcoin acquired for over $4 billion at a median worth of $30,397 per Bitcoin, as per an SEC filing.
Through the interval between November 1 and December 21, MicroStrategy by means of its wholly-owned subsidiary MacroStrategy bought 2,395 Bitcoins for about $42.8 million.
Furthermore, MacroStrategy sold almost 704 bitcoins for money proceeds of $11.8 million, at a median worth of virtually $16,776 on December 22 for tax advantages. This was the primary time MicroStrategy offered its Bitcoin. Nevertheless, MacroStrategy acquired virtually 810 bitcoins for nearly $13.6 million in money two days afterward December 24.
Due to this fact, 132,500 Bitcoin held by MicroStrategy and its subsidiaries as of December 27, 2022 accounts for almost $4.03 billion. This makes the common buy worth as $30,397 per Bitcoin.
In September, MicroStrategy reported its total Bitcoin holdings of 130,000 BTC, after shopping for round 301 Bitcoins between August 2 to September 19, 2022. Additionally, the corporate offered $500 million of Class A MSTR shares by means of funding banks Cowen & Co. and BTIG LLC. The proceeds have been used for “normal company functions, together with the acquisition of bitcoin.”
Bitcoin worth is presently buying and selling at $16,661, down 1% within the final 24 hours. The 24-hour high and low for Bitcoin are $16,608 and $16,839, respectively.
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