BlockBeats News, July 20th, MicroStrategy, a Bitcoin Reserve Company, submitted an 8-K filing to the U.S. Securities and Exchange Commission (SEC) showing that the company did not purchase or sell any Bitcoin last week.
The filing revealed that during the period from July 13th to July 19th, MicroStrategy sold 2.323 million shares of MSTR stock, with the proceeds increasing the company's cash reserves by approximately $225 million, reaching $3.225 billion as of July 19th.
Currently, MicroStrategy still holds 843,775 BTC, valued at around $54.7 billion at the current price. The company's co-founder and CEO, Michael Saylor, stated that the accumulated cost of these Bitcoins is approximately $63.7 billion, with an average purchase price of $75,476 per BTC (including fees and related expenses).
