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May 18, 2021, 8:22 a.m. EDT

MicroStrategy bought another $10 million worth of bitcoin, now holds over 92,000 bitcoins

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By Tomi Kilgore

MicroStrategy Inc. /zigman2/quotes/202561856/composite MSTR +3.01% disclosed Tuesday that it just spent $10.9 million to buy 229 bitcoins, at an average price of $43,663 per bitcoin, including fees. Bitcoin /zigman2/quotes/31322028/realtime BTCUSD +3.52% was recently trading up 2.9% at $45,012, according to FactSet, while MicroStrategy's stock was up 1.3% in premarket trading. The enterprise software and bitcoin play, which has said it uses bitcoin as its primary treasury asset, said it now holds 92,079 bitcoins, acquired for $2.25 billion at an average purchase price of $24,450 per bitcoin. MicroStrategy shares have tumbled 47.3% over the past three months through Monday, while bitcoin has dropped 12.8%, the SPDR S&P Software & Services ETF /zigman2/quotes/203260274/composite XSW +0.29% has declined 11.4% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.11% has gained 6.4%.

/zigman2/quotes/202561856/composite
US : U.S.: Nasdaq
$ 570.39
+16.67 +3.01%
Volume: 401,194
June 23, 2021 10:56a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.40 billion
Rev. per Employee
$240,729
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/zigman2/quotes/31322028/realtime
US : CoinDesk
34,051.91
+1,157 +3.52%
Volume: 0.00
June 23, 2021 10:57a
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/zigman2/quotes/203260274/composite
US : U.S.: NYSE Arca
$ 170.94
+0.50 +0.29%
Volume: 5,028
June 23, 2021 10:49a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,251.20
+4.76 +0.11%
Volume: 469.88M
June 23, 2021 10:57a
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