Shares of MicroStrategy fell more than 4% on Thursday after an SEC filing revealed that it bought 1,434 bitcoins worth $82 million in cash.
- The bitcoins were bought at $57,477 average price, with the money obtained through the sale of 119,828 shares in an open market transaction with Jefferies.
- MicroStrategy now owns 122,478 bitcoins. The company has spent $3.66 billion for its bitcoin holdings at an average price of $29,861.
At $6 billion worth of Bitcoin at the current price, MicroStrategy is the largest corporate holder of the world’s largest cryptocurrency. The company announced the decision to add Bitcoin to its portfolio in August 2020.
MSTR: NASDAQ is down -4.47%.