November 26, 2022

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$489m spent, average price circa $37.6K

1 min read

  • the enterprise software company said Monday that it purchased an additional 13,005 Bitcoins for about $489 million in cash at an average price of about $37,617 per Bitcoin.¬†
  • Accounting rules dictate that the firm will have to write down its holdings once the market value dips below the price at which it acquired the coin.¬†

On the session here BTC has stabilised after earlier lows:

The firm's intention to buy was posted last week: MicroStrategy to add circa US$500m to its holdings of BTC

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