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March 1, 2021, 8:23 a.m. EST

MicroStrategy spent $15 million to buy 328 bitcoins on Monday

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By Tomi Kilgore

Shares of MicroStrategy Inc. /zigman2/quotes/202561856/composite MSTR -8.03% surged 6.6% in premarket trading Monday after the enterprise software and bitcoin holder disclosed that on Monday, it paid $15 million in cash to buy about 328 bitcoins. The company said it paid an average price of about $45,710 per bitcoin, including fees and expenses. Bitcoin was recently up 7.1% at $48,360 in early trading Monday. As of March 1, MicroStrategy said it has paid out $2.19 billion to buy about 90,859 bitcoins, at an average purchase price of about $24,063 per bitcoin. MicroStrategy's stock has soared 131.6% over the past three months through Friday, while bitcoin has run up 156.3%, the SPDR S&P Software & Services ETF /zigman2/quotes/203260274/composite XSW +0.39% has advanced 15.1% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.92% has gained 4.1%.

/zigman2/quotes/202561856/composite
US : U.S.: Nasdaq
$ 598.20
-52.26 -8.03%
Volume: 715,286
April 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.24 billion
Rev. per Employee
$240,729
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/zigman2/quotes/203260274/composite
US : U.S.: NYSE Arca
$ 163.46
+0.64 +0.39%
Volume: 13,897
April 22, 2021 4:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,134.98
-38.44 -0.92%
Volume: 2.39B
April 22, 2021 5:32p
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