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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment22

  • AndrewL
    ·2022-02-02
    Nice 👍 
    Reply
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  • Toby_Chua
    ·2022-02-02
    Proxy bet for crypto
    Reply
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  • linghui
    ·2022-02-02
    Gd info
    Reply
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  • jayfalcon
    ·2022-02-02
    Like pls 🙏 thanks
    Reply
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  • koolgal
    ·2022-02-02
    MicroStrategy share price is rather volatile!  It is up 7% but down 30% last month.  Need to exercise caution. 🤔
    Reply
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  • Ken7979
    ·2022-02-02
    High risk..High return
    Reply
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  • seojun
    ·2022-02-02
    Grear for all wbo bought
    Reply
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  • Handoko
    ·2022-02-02
    👌🏻
    Reply
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  • MNCoffee
    ·2022-02-02
    wow
    Reply
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  • Xyl
    ·2022-02-02
    [Smile] 
    Reply
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  • ZannHuatHuat
    ·2022-02-02
    Crypto is moving up now. I am long term holder of bitcoin and eth.My Retirement plan 🤪
    Reply
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  • CynthiaGho
    ·2022-02-02
    Like pls
    Reply
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  • BBBBBBBBBB
    ·2022-02-01
    K
    Reply
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  • Gladys8jk
    ·2022-02-01
    Ok
    Reply
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  • SSVC
    ·2022-02-01
    Hmm
    Reply
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  • HermioneG
    ·2022-02-01
    Awesome!
    Reply
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  • Abbysy
    ·2022-02-01
    Nice
    Reply
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  • 玉树临风英俊
    ·2022-02-01
    👍 
    Reply
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  • GggSlimeR
    ·2022-02-01
    HODL
    Reply
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  • Troytan
    ·2022-02-01
    Long term Bitcoin is bullish 
    Reply
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