-: FOLLOW US :- @theinsaneapp
MicroStrategy, the business software vendor, founded by Michael Saylor and containing bitcoin (BTC), has increased its bitcoin (BTC),
-: FOLLOW US :- @theinsaneapp
According to Wednesday's filing to the Securities and Exchange Commission.
-: FOLLOW US :- @theinsaneapp
It purchased approximately 2,395 bitcoins at $42.8 million through its MicroStrategy subsidiary.
-: FOLLOW US :- @theinsaneapp
The company sold approximately 704 bitcoins last Thursday for $ 11.8 million, assuming that previous capital gains would offset any loss.
-: FOLLOW US :- @theinsaneapp
On Saturday, the company bought an additional 810 Bitcoins for $13.6 Million, bringing its total to 132,500 bitcoins.
-: FOLLOW US :- @theinsaneapp
This is a significant increase in value compared to the $4 billion MicroStrategy spent on acquisitions.
-: FOLLOW US :- @theinsaneapp
MicroStrategy's first sale of bitcoin since 2020, when it acquired the cryptocurrency.
-: FOLLOW US :- @theinsaneapp
The company has added approximately 2,501 bitcoins to its holdings since Nov. 1 and spent $44.6 million.
-: FOLLOW US :- @theinsaneapp
Premarket trading saw MicroStrategy shares rise marginally while bitcoin prices remained steady at $16,700.