MicroStrategy buys 2,501 BTC for about $44.6 million, says founder Michael Saylor

MicroStrategy, the analytics software provider, has purchased an additional 2,501 BTC. The announcement came from founder Michael Saylor.

MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk

— Michael Saylor⚡️ (@saylor) December 28, 2022

According to a filing with the U.S. Securities and Exchange Commission, between November 1 and December 21, 2022 MicroStrategy purchased about 2,395 BTC for $42.8 million at an average price of $17,871 per bitcoin.

The same document states that on December 22 the company sold about 704 BTC for $11.8 million. On December 24, MicroStrategy bought an additional 810 BTC for $13.6 million at an average price of about $16,845.

At the time of writing, the company held 132,500 BTC worth about $4.03 billion at an average price of $30,397 per bitcoin.

The previous investment in the flagship cryptocurrency occurred in September — the firm purchased 301 BTC for $6 million.

Bitcoin is trading around $16,600, according to CoinGecko.

Earlier in November, Saylor reaffirmed MicroStrategy’s course on further purchases of digital gold, despite the ongoing declines in the crypto markets.

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