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MicroStrategy Acquires Additional Bitcoins and Now Holds Over 105,000 Bitcoins in Total

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MicroStrategy (Nasdaq: MSTR) has acquired approximately 13,005 bitcoins for about $489 million, averaging $37,617 per bitcoin. This purchase adds to its total holdings of approximately 105,085 bitcoins, which were bought for a cumulative $2.741 billion, averaging $26,080 per bitcoin. The majority of these assets, approximately 92,079 bitcoins, are held by MacroStrategy LLC, a subsidiary of MicroStrategy. This strategic move underscores MicroStrategy's commitment to both its enterprise analytics software business and its strategy of acquiring and holding bitcoin as a reliable store of value.

Positive
  • Acquisition of 13,005 bitcoins supports MicroStrategy's strategy of accumulating digital assets.
  • Total bitcoin holdings now stand at approximately 105,085, enhancing asset base.
Negative
  • Recent bitcoin purchases incurred a significant cash outflow of approximately $489 million.
  • Average purchase price of new bitcoins at $37,617 is above the current market price, raising potential financial concerns.

MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it had purchased an additional approximately 13,005 bitcoins for approximately $489 million in cash at an average price of approximately $37,617 per bitcoin, inclusive of fees and expenses.

As of June 21, 2021, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin, inclusive of fees and expenses. MacroStrategy LLC, a subsidiary of MicroStrategy, holds approximately 92,079 of the bitcoins.

About MicroStrategy Incorporated

MicroStrategy (Nasdaq: MSTR) is the largest independent publicly-traded analytics and business intelligence company. The MicroStrategy analytics platform is consistently rated as the best in enterprise analytics and is used by many of the world’s most admired brands in the Fortune Global 500. We pursue two corporate strategies: (1) grow our enterprise analytics software business to promote our vision of Intelligence Everywhere and (2) acquire and hold bitcoin, which we view as a dependable store of value supported by a robust, public, open-source architecture untethered to sovereign monetary policy.

MicroStrategy is a registered trademark of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

FAQ

What is MicroStrategy's recent bitcoin purchase?

MicroStrategy has purchased approximately 13,005 bitcoins for about $489 million, averaging $37,617 per bitcoin.

How many bitcoins does MicroStrategy currently hold?

As of now, MicroStrategy holds approximately 105,085 bitcoins.

What is the average purchase price of MicroStrategy's bitcoins?

The average purchase price of MicroStrategy's bitcoins is approximately $26,080 per bitcoin.

What does MicroStrategy intend with its bitcoin strategy?

MicroStrategy aims to acquire and hold bitcoin as a dependable store of value.

How does MicroStrategy's bitcoin acquisition affect its financial position?

The recent acquisition of bitcoins involves a significant cash outflow, raising concerns about financial liquidity.

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