MicroStrategy spends another $10 million on Bitcoin

On February 2, the software analytics provider MicroStrategy purchased an additional 295 BTC for a total of $10 million.

The average purchase price was $33,808. The company now holds 71,079 BTC, purchased for $1.145 billion.

MicroStrategy has purchased approximately 295 bitcoins for $10.0 million in cash, at an average price of ~ $33,808 per #bitcoin. We now #hodl ~ 71,079 bitcoins acquired for $1.145 billion at average price of ~ $16,109 per bitcoin.https://t.co/lmj3QCgKbw

— Michael Saylor (@michael_saylor) February 2, 2021

As of writing, the total value of the bitcoins in MicroStrategy’s reserves stood at $2.4 billion. This accounted for 43% of the рыночной капитализации компании.

Unrealized gains from deals with digital gold amount to about $1.255 billion. Return on investment (ROI) can be estimated at 109%.

In August 2020, the company bought 21,454 BTC for about $250 million. A month later the firm invested another $175 million in Bitcoin, and in December — additional $650 million, raised through a debt offering. On January 23, MicroStrategy purchased another 314 BTC for a total of $10 million.

Earlier in January, CEO Michael Saylor said that the company would continue investing in Bitcoin.

Earlier, Saylor said that the inflow of money from financial assets into Bitcoin — this is not a bubble.

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