As the share price is 163 USD, this means Mircostrategy is a 54.77/163=33% Bitcoin Company!
I wanted to attempt to use this template to calculate the percentage of Grayscale held in Bitcoin. I've only been able to get their;
• Outstanding shares (452,847,300),
• Bitcoin per share (0.00095560), and
• Total bitcoins held (432,741)
I've however not been able to get the average price at which they bought as there is limited information on the mode of purchase. Would appreciate some more data
Michael Saylor just released details of the 16,796BTC acquisition;
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FLBuOIM5.png&t=658&c=8hOFlcgohE7ucA)
Link
~0.19BTC every 3 seconds for 3 days, a bot was probably used to effect purchases. The fact that they were willing to make a bulk purchase of $30-50 million cause of a 1-2% drop in value is bullish in my opinion, suggests that Bitcoin is a steal at the current value.
The first batch of 21,454BTC was made through off-chain transactions before being moved to cold storage through the Bitcoin network.