MicroStrategy acquires another 660 Bitcoins for $37,865. The company’s total bitcoin is now 125,051 worth approximately $4.8 billion as of January 31, 2022
MicroStrategy Buys $25 million worth of Bitcoin between December 30, 2021, and January 31, 2022
According to a recent regulatory filing, business intelligence firm MicroStrategy purchased another $25 million worth of Bitcoin between December 30, 2021, and January 31, 2022.
It purchased 660 Bitcoins for $37,865 on average.
The company has 125,051 Bitcoins worth approximately $4.8 billion as of January 31, 2022.
The average purchase price per coin for the company is $30,200.
It announced its $94.2 million Bitcoin purchase on Dec. 30, but there were no further announcements in January.
MicroStrategy CEO Michael Saylor recently revealed that he owns 17,732 Bitcoins, valued at $685 million at the time of writing.
After briefly rising beyond $39,000 earlier today, bitcoin is now trading at $38,669 dollars. Despite its recent slight comeback, the largest cryptocurrency is still 44.02 percent down from its all-time high of $69,044.
Despite the huge price drop, Saylor told Bloomberg last month that his organization will never sell Bitcoin:
We’re only acquiring and holding bitcoin, right? That’s our strategy.
