MicroStrategy Sells Bitcoin For the First Time

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The Street

By Luc Olinga The enterprise-software specialist is known to be the largest company holding bitcoins. It’s a big surprise. MicroStrategy, the company of Michael Saylor, one of the most fervent evangelists of Bitcoin, has sold the king of cryptocurrencies. The move was made recently, according to aregulatory filing. The firm said it bought approximately 2,395 bitcoins for approximately $42.8 million in cash, at an average price of approximately $17,871 per bitcoin, inclusive of fees and expenses, between November 1 and December 21. The transaction was made at an average price of approximately $…

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