American City Business Journals
MicroStrategy tallies up the billions it’s spent on bitcoin in 2021
Business software company MicroStrategy Inc. purchased another 1,914 bitcoins in the final weeks of the year for $94.2 million in cash, it said in a new federal filing on Thursday. It’s just the latest buy for MicroStrategy, whose CEO Michael Saylor has become an ardent fan of cryptocurrencies and which has been buying bitcoin in significant amounts since August 2020. This purchase brings MicroStrategy’s (NASDAQ: MSTR) year-end tally up to 124,391 bitcoins at a total price tag of $3.75 billion, or an average of $30,159 per bitcoin, according to a Securities and Exchange Commission filing.
Source: finance.yahoo.com
Related posts:
History Says the Nasdaq Will Surge in 2024: 2 Stock-Split Stocks to Buy Before It Does
The Apple iPhone 15 Is Here. Why Wall Street Isn’t Excited.
If You Invested $10,000 in Real Estate Instead of Bitcoin Last Year, Here is Where You Would be Now
Warren Buffett slammed the last debt-ceiling crisis as a stupid waste of time - and called for the g...
Nvidia is in a bubble, stocks will disappoint for a decade, and a recession will strike this year, m...