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MicroStrategy paused its Bitcoin purchases and sales between October 19 and 25
MicroStrategy paused its Bitcoin purchases and sales between October 19 and 25. During this period, the company opted to repurchase $204.9 million worth of STRC preferred stock. As of now, MicroStrategy still holds 848,517 Bitcoins, acquired at a total cost of $64.02 billion, with an average purchase price of $75,446 per Bitcoin. Additionally, the company maintains $4.83 billion in cash reserves.
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Next: MicroStrategy founder Michael Saylor tweeted that as of October 25, the company had repurchased $205 million in STRC preferred stock and held 848,517 Bitcoins and $5.1 billion in USD assets.
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