The business analytics software provider MicroStrategy has purchased an additional 660 BTC for about $25 million. The average purchase price was around $37,865, said the company’s CEO Michael Saylor.
MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per #bitcoin. As of 1/31/22 we #hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin. $MSTRhttps://t.co/bF6VImC0Qy
— Michael Saylor⚡️ (@saylor) February 1, 2022
The transactions were conducted between December 30, 2021 and January 31, 2022.
In total MicroStrategy owns 125,051 BTC worth about $4.8 billion at current prices. The firm spent about $3.78 billion on their purchase (average price — $30,200).
In August 2020, the provider acquired 21,454 BTC (~$250 million at the price at the time of the deal).
MicroStrategy continued to expand its cryptocurrency reserves in accordance with the board-approved strategy.
Since December 2020 the company began using not only equity but also debt financing to buy bitcoin, issuing convertible bonds worth $650 million.
In February 2021 MicroStrategy issued a new tranche of more than $1 billion and invested again the funds raised in cryptocurrency.
Over the year the company continued to invest in Bitcoin. The largest purchases were 13,005 BTC for $489 million in July and 7,002 BTC for $414.4 million at the end of November.
In December MicroStrategy announced the acquisition of 1,434 BTC and 1,914 BTC.
Earlier in 2022, Saylor reaffirmed his commitment to the strategy of buying and holding Bitcoin, a position later supported by the company’s CFO Fung Lee despite a market correction.
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