BlocksInform
MicroStrategy (MSTR), the business software vendor that was co-founded by crypto proponent Michael Saylor, has added to its bitcoin () stockpile, purchasing about 2,395 bitcoins for $42.8 million between Nov. 1 and Dec. 21 through its MacroStrategy subsidiary, according to a filing with the Securities and Exchange Commission on Wednesday.
Last Thursday, the company sold approximately 704 Bitcoin for $11.8 million on the assumption that a loss on the deal would offset past capital gains.
On Saturday, the company acquired an additional 810 bitcoins for $13.6 million, bringing the company's total assets to 132,500 bitcoins. This represents approximately $2.25 billion in current prices, compared to the acquisition cost of the $4 billion microstrategy.
Last week's sale marks the first microstrategy sold Bitcoin since it started acquiring the cryptocurrency in 2020.
As a matter of fact, since Nov. 1, the corporation added approximately 2,501 bitcoins to its assets, spending a net $44.6 million.
MicroStrategy's shares were marginally increasing in pre-market trade, while the price of Bitcoin remained little changed to around $16,700.
