MicroStrategy (NASDAQ:MSTR) acquires 7,002 Bitcoins (BTC-USD) valued at $414.4M in cash, at an average price of approximately $59.2K per token, according to the company's most recent Form 8-K filing. Shares of MSTR rise 2% as the broader crypto market recovers from last Friday's sell-off, though it underperforms Bitcoin (BTC-USD) in the past five days, M/M and Y/Y, as seen on the chart below. The company now "hodls" approximately 121,044 bitcoins, with an aggregate purchase price of $3.57B and an average purchase price of $29.5K per token. During the fourth-quarter, MicroStrategy issued and sold an aggregate of 571,001 shares at an average gross price per share of $732.16 under the $1B sale agreement from mid-June. Previously, (Nov. 19) Michael Saylor said his company will continue accumulating Bitcoin forever.
