Benzinga | Jan 22, 2021 08:44AM EST

MicroStrategy Says Purchased 314 Bitcoins For $10M In Cash In Accordance With Its Treasury Reserve Policy

On January 22, 2021, MicroStrategy Incorporated (the "Company") announced that it had purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808 per bitcoin, inclusive of fees and expenses. As of January 22, 2021, the Company holds approximately 70,784 bitcoins that were acquired at an aggregate purchase price of $1.135 billion and an average purchase price of approximately $16,035 per bitcoin, inclusive of fees and expenses.