2 years ago
135 Business intelligence company MicroStrategy has added $94 million worth of Bitcoin to its crypto holdings. The firm acquired these coins at an average price of $49,229. The firm’s holdings are valued at around $5.9 billion, which represents over $2.1 billion in gains since its first purchase in August 2021.
Based on a December 30, 2021, filing with the U.S. Securities and Exchange Commission (SEC), MicroStrategy acquired 1,914 BTC between December 9 and December 29 for $94.2 million, making its total holdings a staggering 124,391 BTC. With the recent purchase, the company’s holdings are now valued at nearly $5.9 billion, which represents over $2.1 billion in gains.
MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin. $MSTRhttps://t.co/tNxDwaT8VD
— Michael Saylor
(@saylor) December 30, 2021
Since making its first $250-million Bitcoin (BTC) investment in August 2021, MicroStrategy has so far acquired over $3.7 billion in Bitcoin in various purchases using the firm’s cash on hand together with sales of convertible senior notes in many private offerings to institutional investors.
Although there are some cases where the business intelligence company bought the dip, some of the buys followed the price surges in early 2021 when the price of Bitcoin was over $50,000. The company’s most recent Bitcoin purchase comes after the price of the crypto asset dropped below $46,000 on December 30 as it continues showing volatility before the New Year.
Based on data from market analysis platforms, the Bitcoin price is $47,200 at the time of publication, having lost over 7% in the past seven days.
