MicroStrategy Bitcoin buys now total $425M

The company yesterday completed the acquisition of another 16,796 Bitcoins (BTC-USD) for a total purchase price of $175M. Combined with previous purchases, the company has now spent $425M for 38,250 Bitcoins – that’s 11,111 each vs. current price just above $10.9K.

In other news are the results from MicroStrategy’s (NASDAQ:MSTR) modified Dutch Auction tender offer: The company will buy back 432.3K shares for $140 each, or a total amount of $60.5M. That number of shares is about 4.5% of the float.

Shares this morning are flat at $142.55.

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