MicroStrategy spent $ 82 million to get 1,434 Bitcoin, now they own 122,478 BTC
Business intelligence firm MicroStrategy, a NASDAQ-listed technology giant, continues to buy Bitcoin with another major purchase valued at more than $ 80 million.
MicroStrategy bought an additional 1,434 bitcoins for ~ $ 82.4 million in cash at an average price of ~ $ 57,477 each #bitcoin. Since 12/21/21 we have #hodl ~ 122,478 bitcoins were purchased for ~ $ 3.66 billion with an average price of $ 29,861 per bitcoin. $ MSTRhttps://t.co/Xke8QhoYpy
– Michael Saylor⚡️ (@saylor) December 9, 2021
MicroStrategy buys more bitcoins worth $ 84 million
According to its most recent regulatory filing, MicroStrategy purchased an additional 1,434 BTC between November 29 and December 8. This means that there is no limit to what Bitcoin can be bought with a single multi-million dollar purchase.
The average purchase price is $ 57,477, which is 13.5% lower than Bitcoin, which is currently trading. This means that a purchase was most likely made in the past week as the price of BTC has stayed below $ 50,000 since the crash on Saturday. The company currently holds 122,478 BTC, which was purchased for $ 3.66 billion at an average price of just under $ 30,000.
At the current price of Bitcoin, that means that MicroStrategy’s entire BTC portfolio is now worth over $ 6 billion.