Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

MicroStrategy bitcoin holding valued at $4.38 billion after latest buy

Published 2021-03-01, 08:21 a/m
Updated 2021-03-01, 08:54 a/m
© Reuters. Illustration of representations of virtual currency Bitcoin on a computer motherboard

© Reuters. Illustration of representations of virtual currency Bitcoin on a computer motherboard

(Reuters) - Major bitcoin corporate backer MicroStrategy Inc said on Monday it bought another 328 bitcoin for about $15 million in cash, swelling its holdings of the cryptocurrency and sending the company's shares 7% higher in premarket trading.

The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, bought the cryptocurrency at an average price of about $45,710 each.

MicroStrategy, the world's largest publicly-traded business intelligence company, owns close to 90,859 bitcoin, which were acquired at an aggregate purchase price of about $2.19 billion and an average purchase price of around $24,063 per bitcoin, it said on Monday. https://

The company's bitcoin holdings are valued at about $4.38 billion, according to a Reuters calculation.

MicroStrategy spent last year steadily amassing bitcoin after making its first investment in August.

The company had bought another 19,452 bitcoin last week, worth around $1.03 billion.

MicroStrategy's latest shopping spree comes as major firms including BNY Mellon, asset manager BlackRock Inc (NYSE:BLK) and credit card giant Mastercard Inc (NYSE:MA), backed certain cryptocurrencies, with Tesla Inc investing $1.5 billion in bitcoin.

© Reuters. Illustration of representations of virtual currency Bitcoin on a computer motherboard

Bitcoin rose nearly 6% on Monday as risk assets rallied after last week's bond rout cooled.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.