MicroStrategy shares rose 7% in premarket trading

Tiger Newspress2022-02-01

MicroStrategy shares rose 7% in premarket trading.

As of Jan. 31, the company held about 125,051 bitcoins purchased at an average price of $30,200.

MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that’s taken to accumulating bitcoin, said it bought approximately 660 bitcoins for around $25 million between Dec. 30, 2021 and Jan. 31, 2022.

The company paid an average price of $37,865 per bitcoin, it said in a statement.

Tysons Corner, Virginia-based MicroStrategy now holds a total of 125,051 bitcoins, valued at about $4.8 billion at the current bitcoin price of $38,700.

Shares of MicroStrategy have fallen around 34% over the last month.

CEO Michael Saylor has been insistent that the company has no plans to sell its bitcoin holdings and is in for the long-term.

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Comments

  • AndrewL
    2022-02-02
    AndrewL
    Nice 👍 
  • Toby_Chua
    2022-02-02
    Toby_Chua
    Proxy bet for crypto
  • linghui
    2022-02-02
    linghui
    Gd info
  • jayfalcon
    2022-02-02
    jayfalcon
    Like pls 🙏 thanks
  • koolgal
    2022-02-02
    koolgal
    MicroStrategy share price is rather volatile!  It is up 7% but down 30% last month.  Need to exercise caution. 🤔
  • Ken7979
    2022-02-02
    Ken7979
    High risk..High return
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