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Market

MicroStrategy buys 660 more bitcoins for $25 million

February 1, 2022 - Around 2 mins mins to read

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.

MicroStrategy

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.

“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

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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.
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.

MicroStrategy

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.

“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