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MicroStrategy Buys More Bitcoin But is Already Underwater on Them, Down $1.34B Overall

Cryptocurrency News Jun 29, 2022 20:24
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© Reuters

By Investing.com Staff

MicroStrategy Incorporated (NASDAQ:MSTR) said it bought hundreds more Bitcoin over the last several weeks but is already underwater on the new purchases.

The company said during the period between May 3, 2022, and June 28, 2022, it acquired approximately 480 bitcoins for approximately $10.0 million in cash, at an average price of approximately $20,817 per bitcoin, inclusive of fees and expenses. Bitcoin last traded at $20,098.

The company now owns approximately 129,699 bitcoins with an average price of $30,664 per bitcoin.

Overall, the company is down $1.34 billion on its Bitcoin purchases.

MicroStrategy Buys More Bitcoin But is Already Underwater on Them, Down $1.34B Overall
 

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