In a sign of the current state of the crypto markets as a whole, MicroStrategy Inc (NASDAQ: MSTR) this morning updated the markets with its most recent bitcoin purchases. The purchases amounted to one of its smallest buys yet.
The company between August 2 and September 19 purchased a total of 301 bitcoins, for an aggregate figure of $6.0 million. The bitcoin was purchased at an average price of $19,851 per BTC, one of the lowest prices paid as of late by the company.
With the latest purchase, MicroStrategy brings its total bitcoin ownership to 130,000 bitcoins, which were acquired for a cumulative figure of $3.98 billion, with an average purchase price of $30,639 per bitcoin. At the most recent price of $19,125 per bitcoin, it implies a loss of $11,514 per bitcoin, or a cumulative loss of approximately $1.5 billion.
MicroStrategy last traded at $206.20 on the Nasdaq.
Information for this briefing was found via Edgar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
