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© Reuters MicroStrategy (MSTR) buys 3,000 Bitcoin for $155 million
Michael Saylor’s MicroStrategy (MSTR) purchased an additional 3,000 bitcoins for about $155 million, with an average price of $51,813 per bitcoin, according to securities filings on Monday.
The company’s shares rose more than 1.8% in premarket trading.
As of February 25, 2024, MicroStrategy now owns 193,000 Bitcoins, purchased for approximately $6.09 billion, with an average price of $31,544 per Bitcoin.
Based on current prices, MSTR’s Bitcoin holdings are valued at just under $10 billion, representing a return of nearly 63%.
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