MicroStrategy continues bitcoin buying spree, lifting holdings to $9.45 bln
Sept 13 (Reuters) -Software firm MicroStrategy MSTR.O acquired bitcoin worth $1.11 billion between Aug. 6 and Sept 12, boosting its total holdings of the world's biggest cryptocurrency to roughly $9.45 billion.
WHY IT'S IMPORTANT
The approval of spot bitcoin exchange-traded funds by the Securities and Exchange Commission in January along with support from Wall Street and figures like Elon Musk has brought the once-nascent asset class closer to the mainstream.
Analysts have said MicroStrategy's purchase of bitcoin to protect the value of its reserve assets has helped strengthen the appeal of the firm's stock, which tends to move in tandem with the digital asset.
CONTEXT
MicroStrategy began buying and holding bitcoin in 2020 as revenue from its software business eased, and it is now the largest corporate holder of the cryptocurrency.
MicroStrategy, which ended 2023 with 190,000 bitcoin on its balance sheet, had indicated that it would increase its exposure.
MicroStrategy's board of directors decided in favor of a 10-for-1 stock split in July, to make it more accessible to investors.
BY THE NUMBERS
MicroStrategy bought about 18,300 bitcoins at an average price of about $60,408 per bitcoin between Aug. 6 and Sept 12.
The company and its subsidiaries held about 244,800 bitcoins as of Sept 12, 2024.
The total holding equates to about $9.45 billion, representing an average purchase price of about $38,585 per bitcoin, including fees and expenses.
MicroStrategy's shares have more than doubled in 2024, while bitcoin has gained nearly 31% year-to-date.
GRAPHIC
Bitcoin price over the last 12 months https://reut.rs/3MH6lOL
Reporting by Pritam Biswas and Arasu Kannagi Basil in Bengaluru; Editing by Vijay Kishore
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
