Major cryptocurrencies rose on Monday evening following an announcement by software developer MicroStrategy (NASDAQ:MSTR).
What Happened: As per a regulatory filing on Monday, MSTR revealed their acquisition of approximately $150 million worth of Bitcoin between August 1 and September 24.
“MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash, at an average price of approximately $27,053 per bitcoin, inclusive of fees and expenses,” the company said in the filing.
MicroStrategy has bolstered its Bitcoin holdings to around 158,245 BTC. The digital assets were acquired for an aggregate purchase price of approximately $4.68 billion, with an average purchase price of roughly $29,582 per bitcoin.
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