MicroStrategy Says Between Feb 15 & Feb 25, Co, Units, Acquired About 3,000 Bitcoins For About $155.4M In Cash, At Price Of About $51,813 Per Bitcoin; As Of February 25, 2024, Together With Its Subsidiaries, Held An Aggregate Of ~193,000 Bitcoins
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy and its subsidiaries acquired approximately 3,000 Bitcoins for about $155.4M, at an average price of $51,813 each, between February 15 and February 25, 2024. As of February 25, 2024, the company holds an aggregate of ~193,000 Bitcoins, according to an SEC filing.
February 26, 2024 | 1:22 pm
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MicroStrategy's recent acquisition of approximately 3,000 Bitcoins for about $155.4M demonstrates its continued investment in cryptocurrency. As of February 25, 2024, the company's total Bitcoin holdings amount to ~193,000.
MicroStrategy's significant investment in Bitcoin is likely to be viewed positively by investors who are bullish on cryptocurrencies. This move could increase investor confidence in MSTR, potentially leading to a short-term uptick in its stock price. The company's aggressive accumulation of Bitcoin positions it as a major player in the cryptocurrency space, which could attract more investors looking for exposure to digital assets through traditional equity markets.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100