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IPFS News Link • Bitcoin

MicroStrategy Buys 3,907 Bitcoin At $45,294 In Current Quarter

• by Tyler Durden

...the company announced that "during the third quarter of the Company's fiscal year to date (the period between July 1, 2021 and August 23, 2021), the Company purchased approximately 3,907 bitcoins for approximately $177.0 million in cash, at an average price of approximately $45,294 per bitcoin."

As a result, as of Monday, August 23, 2021, the Company holds approximately 108,992 bitcoins that were acquired at an aggregate purchase price of $2.918 billion and an average purchase price of approximately $26,769 per bitcoin.

This means that the market value of MSTR's bitcoin as of this moment is just over $5.3 billion, which is materially lower than its market cap of $7 billion. Assigning the company's core business a valuation of approximately $1 billion means, that the market is trading MSTR at roughly a 10% premium to its bitcoin holdings.