MicroStrategy Keeps Buying More Bitcoins as Ark Invest Expects its Bitcoin ETF Approval by SEC by January 10, 2024

MicroStrategy (MSTR) yesterday disclosed that it bought an additional 14,620 Bitcoins from November 30 to December 26, 2023, for approximately $615.7 million. The company stated that the average price it paid per Bitcoin, including fees and expenses, was around $42,110 (vs. today’s $43,098, +2.35%).

With these latest purchases, as of December 26, 2023, MicroStrategy now holds approximately 189,150 Bitcoins. The aggregate purchase price for their Bitcoin holdings is stated as $5.895 billion, with an average price per Bitcoin of around $31,168.

Also, MSTR’s CEO Kathy Wood said the SEC could approve the application for a spot BTC-ETF from ARK Invest and 21 Shares by January 10, 2024.