MicroStrategy buys 3,000 Bitcoin for $155 million

Michael Saylor’s MicroStrategy (MSTR) has bought a further 3,000 Bitcoins for roughly $155 million, with a median worth of $51,813 per Bitcoin, the securities filings confirmed on Monday.

The corporate’s shares rose greater than 1.8% in premarket buying and selling.

As of February 25, 2024, MicroStrategy now possesses 193,000 Bitcoins, obtained for round $6.09 billion, with a median worth of $31,544 per Bitcoin.

Based mostly on present costs, MSTR’s Bitcoin holdings are valued at just below $10 billion, leading to a return of practically 63%.