new-recommended-broker-banner new-recommended-broker-banner
Practice Stock Trading Your capital is at risk

MicroStrategy Buys Another 262 Bitcoin – Shares Fall

Updated: 12 Mar 2021

MicroStrategy (NASDAQ: MSTR) shares have opened lower on Friday following news that the company spent $15 million to buy a further 262 bitcoins for an average price of $57,146.

Shares were down premarket hand opened up Friday’s session at $759.99 from Thursday’s close of $803.75. They are currently trading at $766, down 4.70%.

Bitcoin’s price is once again trading in and around the $58,000 level, down 3% on Friday at $55,954.

MicroStrategy now owns approximately 91,326 bitcoins, paying around $2.2 billion at an average price of $24,214 per bitcoin, meaning at the current value, its total bitcoin holding is worth around $5.1 billion.

The company’s shares have gained almost 700% in the last six months as bitcoins value has surged.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .