MicroStrategy Adds 1,914 Bitcoin To Its Holdings

Publish date:

Dec 30, 2021

• MicroStrategy bought bitcoin yet again, the 3rd large acquisition successful 1 month.
• The bundle institution acquired 1,914 BTC for $94.2 million.
• Saylor’s steadfast present holds astir 124,391 bitcoin, the largest bitcoin holding among corporations worldwide.

Software quality institution MicroStrategy has “bought the dip” yet again, adding 1,914 bitcoin to its holdings astatine an mean terms of $49,229 per BTC. The institution present holds 124,391 bitcoin, the largest firm bitcoin holdings too trusts and exchange-traded funds (ETFs).

MicroStrategy said successful a Thursday filing with the U.S. Securities and Exchange Commission (SEC) that it had acquired astir 2 1000 caller bitcoin betwixt Dec. 9 and Dec. 29 for $94.2 million.

“MicroStrategy has purchased an further 1,914 bitcoins for ~$94.2 cardinal successful currency astatine an mean terms of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 cardinal astatine an mean terms of ~$30,159 per bitcoin,” MicroStrategy CEO Michael Saylor tweeted connected Thursday to denote the purchase.

The acquisition was funded successful afloat by the selling of people A communal banal by MicroStrategy during the aforesaid period. The institution sold a full of 167,759 shares nether a June unfastened marketplace merchantability statement astatine an mean terms of $565.78 per share.

MicroStrategy’s bitcoin purchasing strategies are present rather common. The institution indulges successful caller BTC each clip the marketplace bleeds, securing inexpensive bitcoin astatine a discounted price.

The acquisition comes aft 2 important purchases successful the past month. On November 29, MicroStrategy announced it had purchased a monolithic $400 cardinal worthy of bitcoin, totaling 7,000 caller BTC added to its holdings, close aft the marketplace began plunging. Under 2 weeks later, the bundle institution added 1,434 much bitcoin to its stack successful an $82 cardinal purchase.