MicroStrategy’s Executive Chairman Michael Saylor announced that the company has purchased more bitcoin at an average price of $60,408 per token. This recent acquisition has boosted the company’s holdings to 244,800 BTC, with a cost basis of $9.45 billion, or an average price of $38,585 per bitcoin.
With the current price of bitcoin just under $58,000, MicroStrategy’s stack is now valued at approximately $14 billion.