Bitcoin – (GBTC), MicroStrategy Integrated (NASDAQ:MSTR) – MicroStrategy Buys $50 Million Value Of Bitcoin, Topping Up Holdings To $766M

MicroStrategy Integrated (NASDAQ: MSTR) has purchased $50 million worth of Bitcoin in cash, the corporate’s CEO announced on Twitter.

What Occurred: The corporate acquired 2,574 bitcoins for $50 million in cash at $19,427 per bitcoin, in keeping with the associated SEC submitting.

MicroStrategy now holds 40,824 bitcoins. That is an approximate valuation of $766.6 million, as of this afternoon. It beforehand bought 16,796 bitcoins worth roughly $175 million in September, Fintech Zoom reported.

Speaking to Fintech Zoom in November, Saylor stated Bitcoin is “a million times better” than gold.

What’s Subsequent: Throughout a digital investor day in November, the corporate talked about it was exploring Bitcoin information and analytics merchandise for its prospects, in keeping with The Block.

price Motion: MicroStrategy shares closed 1.22% decrease, at $324 in post-market buying and selling.

Bitcoin traded at $19,107.54 at press time, gaining 0.78% over 24 hours.