MicroStrategy bulks up bitcoin holdings, shares rise
01/02/2022 14:04
** Shares of BTC buyer and business intelligence software
firm MicroStrategy MSTR.O rise ~4% to $381.91 premarket
** Co says it bought 660 bitcoins between Dec. 30 and Jan.
31 for about $25 mln in cash based on average price of
$37,865/bitcoin
** The latest purchase takes its tally of total bitcoin
holdings to 125,051, which were acquired at an aggregate
purchase price of $3.78 bln, co discloses in a SEC filing
** The largest cryptocurrency bitcoin BTC=BTSP dropped
17.7% during that period amid a lower appetite for risky assets
globally
** MSTR shares have lost nearly half of their value since
November end
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))