MicroStrategy (MSTR) purchased 525 bitcoin for $60.2 million, increasing its total holdings to 638,985 BTC, according to a Monday SEC filing.
The acquisition was executed at an average price of $114,562 per coin, keeping the company’s overall average purchase cost unchanged.
The purchase comes as bitcoin slipped in European trading, dropping from nearly $117,000 to around $115,000.
Year-to-date, MSTR shares have underperformed bitcoin, rising 11% compared with the cryptocurrency’s 23% gain. In pre-market trading Monday, MSTR shares were valued at $330 each.
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