MicroStrategy purchases $414.4 million worth of Bitcoin, with total BTC balance eclipsing $3.5 billion

MicroStrategy purchases $414.4 million worth of Bitcoin, with total BTC balance eclipsing $3.5 billion
© Reuters.

Michael Saylor, CEO of enterprise data analytics company MicroStrategy, announced Monday via a Twitter (NYSE:TWTR) post and company filing that the firm purchased an additional 7,002 Bitcoin (BTC), worth approximately $414.4 million, at an average price of $59,187 per coin. MicroStrategy sold 571,001 shares of company stock between Oct. 1 and Nov. 29 at $732.16 apiece, raising a total of $414.4 million in cash.

As of Monday, the company now owns 121,044 BTC, worth up to $3.57 billion. It was acquired at an average price of $29,534 per coin and included capital appreciation from previous coins.

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