MicroStrategy adds to Bitcoin stake despite steep loss

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According to a new filing with the U.S. Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total of $42.8 million during the period Nov. 1 and Dec. 21. Subsequent to the development, the company sold 704 BTC at $16,776 per coin for a total of $11.8 million on Dec. 22. On Dec. 24, MicroStrategy acquired approximately 810 BTC for $13.6 million in cash, at an average price of $16,845 per coin.

In a Bloomberg interview published earlier this year, CEO and blockchain personality Michael Saylor told reporters: "We're only acquiring and holding Bitcoin, right? That's our strategy. We're not sellers." Today's filing represents the first publicly reported BTC sale by the firm in recent memory. In supporting the decision, MicroStrategy wrote:

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