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.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.