MicroStrategy Had A Huge Purchase Again, Spent $94.2 Million to Buy 1,914 Bitcoins

The Software Intelligence firm MicroStrategy bought 1,914 bitcoins for $94.2 million, at an average price of ~$49.2K per coin, including fees and expenses. This purchase is between December 9 and December 29 according to a filing with the US Securities and Exchange Commission on Thursday, bringing its total holdings to 124,391 bitcoins. The company’s holdings are now valued at almost $5.9 billion, reflecting a gain of more than $2.1 billion.

On December 30, Michael Saylor, Founder of MicroStrategy announced this purchase on Twitter.

MicroStrategy has purchased more than $3.7 billion in Bitcoin with its cash on hand after making its $250 million Bitcoin investment in August 2020.

The purchase follows two large acquisitions in the previous month. MicroStrategy said on November 29 that it has acquired $400 million worth of bitcoin, totalling 7,000 fresh BTC to its holdings, just as the market began to fall. In less than two weeks, the software corporation purchased another 1,434 bitcoins for $82 million.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News