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By Senad Karaahmetovic
MicroStrategy (NASDAQ:) today announced that it has acquired more bitcoins since November 1. The company acquired approximately 2,395 bitcoins for approximately $42.8 million in cash, according to the report released today.
MicroStrategy LLC, a subsidiary of the company co-founded by Michael Saylor, was buying bitcoin at an average price of around $17,871 per unit.
“MicroStrategy, together with its subsidiaries, increased its bitcoin holdings by 2,500 bitcoins, from approximately 130,000 bitcoins as of October 31, 2022, to approximately 132,500 bitcoins as of December 27, 2022,” the company said in a filing.
The software company added that the bitcoins it owns were “acquired at an aggregate purchase price of approximately $4.03 billion and an average purchase price of approximately $30,397 per , including fees and expenses.”
According to data from Coinbase (NASDAQ:), the price traded at $16,650 as of 8:45 a.m. ET (13:45 GMT) on Wednesday.
According to the filing, Microstrategy raised $46.4 million in cash through a stock market sale plan, having sold 218,575 shares at an average price of $213.16.
Microstrategy shares traded roughly even early Wednesday at $148 per share.