MicroStrategy spent $49.9 million to add 487 Bitcoins, and MSTR fell 16% this year to a new low

Strategy announced that between November 3 and November 9, it once again bought 487 Bitcoins with a capital of US$49.9 million. The average purchase price of each Bitcoin was approximately US$102,557.
(Preliminary summary: MicroStrategy no longer "crazy shopping", is this the reason for the decline of Bitcoin?)
(Background supplement: MicroStrategy spent US$45.6 million to increase its position in 397 coins BTC, the villain of Bitcoin: the buying intensity is too weak to prevent Bitcoin from continuing to fall)

The Bitcoin position dominance micro-strategy (Strategy) issued an announcement later today (10th), announcing that it once again bought 487 Bitcoins with a capital of US$49.9 million between November 3 and November 9. The average purchase price of each Bitcoin was approximately $102,557.

MicroStrategy added that after this increase, the number of MicroStrategy’s Bitcoin positions has reached 641,692 BTC, with a total purchase cost of US$47.54 billion and an average purchase price of US$74,079 per Bitcoin.

MicroStrategy continued to point out that the funds for the purchase of Bitcoin still came from its ATM The funds raised from the planned stock issuance, at the same time, currently have about $46.1 billion in stock issuance quota under the plan, which can be used to raise funds to purchase Bitcoin.

MSTR Hitting a new low for the year

Although MicroStrategy is still buying Bitcoin, on the one hand, the number of purchases is significantly lower than before, and on the other hand, the price of Bitcoin has continued to fall at low levels recently. Therefore, the recent performance of MicroStrategy’s stocks has also worried investors.

According to Google Finance data, on November 7, MicroStrategy’s stock price fell to $222.34, setting a new low this year. At the time of writing, the U.S. stock market has not yet opened, and MSTR was temporarily trading at $250.6 before the market opened. It has fallen as much as 16% so far this year.