MicroStrategy buys more bitcoin while selling more shares



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MicroStrategy Inc. shares were little changed in pre-market trading, after the enterprise software company and Bitcoin Play disclosed more bitcoin purchases as well as common stock sales. The company said that during its fiscal third quarter, July 1 through September 12, it paid $ 419.9 million in cash to buy approximately 8,957 bitcoins, at an average price of $ 46,875 per bitcoin, costs and expenses included. This suggests that the company bought around 5,050 bitcoins for around $ 242.9 million, implying a price per bitcoin of $ 48,099 in the past three weeks, MicroStrategy said on Aug. 24 that it had purchased 3. 907 bitcoins for …

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