On June 28, MicroStrategy announced that it had purchased a total of 12,333 bitcoins worth approximately $347 million in the period from April 29 to June 27.
Since the summer of 2020, MicroStrategy has now bought 152,333 bitcoins at an average price of $28,136.
The current bitcoin purchases were partly financed by the renewed sale of new shares. By June 27, the company had made around $334 million in this way.
Conclusion
The further purchase of Bitcoins from MicroStrategy could basically be seen as positive for the company's shareholders. The buildup of a significant inventory of bitcoins signals management's confidence in the long-term prospects for bitcoin.
This stock is in High Growth Stocks.
Kind regards,
Thomas from RockInvestment
About MicroStrategy
MicroStrategy is a multinational software manufacturer and offers solutions for business intelligence, report generators and online analytical processing. In August 2020, MicroStrategy began investing reserves in the cryptocurrency Bitcoin. As of June 29, 2022, MicroStrategy holds a total of 152,333 bitcoins. Michael J. Saylor is considered the driving force behind this strategy and advises other entrepreneurs on investing in Bitcoin.
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