Market

MicroStrategy buys 660 more bitcoins for $25 million

MicroStrategy continues its regular Bitcoin purchases with another $25 million investment.

The NASDAQ-listed business information giant has stayed true to its word of buying more bitcoin regardless of market conditions.

Michael Saylor announced the company’s recent purchase on Twitter, where they spent $25 million to buy 660 BTC. Thus, the average price of the transaction is $37,865.

It’s worth noting that this purchase took place at the end of January as their total reserves surpassed 125,000 at the end of the month.

So far, the company has spent $3.78 billion buying bitcoin at an average price of $30,200 per coin.

https://twitter.com/saylor/status/1488498422495817728?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
“MicroStrategy bought another 660 bitcoins for ~$25 million in cash and GThe average price is ~$37,865 per bitcoin. Up to 01/31/2022 we hold ~125,051 Bitcoin total amount invested ~$3.78 billion and the average price is ~$30,200 per bitcoin.”

The previous purchase took place in late December when MicroStrategy spent $94 million to buy 1,914 BTC.

Although BTC’s price is $10,000 lower than last month, company executives continue to demonstrate a supportive approach.

Alongside Saylor, a well-known Bitcoin bull, MicroStrategy CFO Phong Le also confirmed that the company will continue to buy and hold BTC regardless of what happens in the price action market.

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

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

1 hour ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

4 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

6 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

7 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

10 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

13 hours ago

This website uses cookies.