MicroStrategy Says It Purchased $6 Million in Bitcoin

MicroStrategy Inc. says it purchased about $6 million in Bitcoin between Aug. 2 and Sept. 19.

(Bloomberg) — MicroStrategy Inc. says it purchased about $6 million in Bitcoin between Aug. 2 and Sept. 19.

The approximately 301 Bitcoin was acquired for about $6 million, at an average price of about $19,851, the company said in a US Securities and Exchange Commission filing Tuesday. The purchases were made with excess cash. 

As of Sept. 22, MicroStrategy and its subsidiaries held an about 130,000 Bitcoin, which were acquired at an aggregate purchase price of approximately $3.98 billion and an average purchase price of about $30,639 per token. 

Bitcoin fell about 2.1% to $10,114 as of 8:09 a.m. in New York.  

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