MicroStrategy spent $15 million to buy another 262 bitcoin


MicroStrategy Inc.MSTR,+6.24%disclosed Friday that it simply spent $15.0 million to purchase 262 bitcoins, for a median worth of $57,146, together with charges. Shares of the enterprise software program and bitcoin holder fell 4.5% in premarket buying and selling, bitcoin dropped 3.2%. MicroStrategy mentioned it now owns about 91,326 bitcoins, which it purchased for $2.21 billion at a median worth of $24,214 per bitcoin. At present costs, that bitcoin holding can be valued at about $5.1 billion. MicroStrategy’s inventory has soared 181.1% over the previous three months by Thursday, whereas bitcoin has run up 209.4% and the S&P 500SPX,+1.04%has superior 7.5%.

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