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.
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