2 years ago
Nasdaq-listed Microstrategy has bought 660 much bitcoins astatine an mean terms of $37,865 per coin, bringing the full crypto holdings of the institution to 125,051 bitcoins. “Our strategy with bitcoin has been to bargain and hold, truthful to the grade we person excess currency flows oregon we find different ways to rise money, we proceed to enactment it into bitcoin.”
Microstrategy Adds 660 Bitcoins to Its Treasury
The Nasdaq-listed bundle institution Microstrategy has bought the dip again. CEO Michael Saylor tweeted Tuesday:
Microstrategy has purchased an further 660 bitcoins for ~$25.0 cardinal successful currency astatine an mean terms of ~$37,865 per bitcoin. As of 1/31/22 we hodl ~125,051 bitcoins acquired for ~$3.78 cardinal astatine an mean terms of ~$30,200 per bitcoin.
According to the company’s filing with the U.S. Securities and Exchange Commission (SEC), the acquisition was made during the play betwixt Dec. 30, 2021, and Jan. 31, 2022.
At the clip of writing, the terms of bitcoin is $39,121.89 based connected information from Bitcoin.com Markets. It is up astir 2% wrong the past 24 hours, 6.4% successful the past 7 days, but down 18% implicit the past 30 days.
Microstrategy’s main fiscal officer, Phong Le, said past week:
Our strategy with bitcoin has been to bargain and hold, truthful to the grade we person excess currency flows oregon we find different ways to rise money, we proceed to enactment it into bitcoin.
Last week, the SEC made nationalist its letters to Microstrategy astir the company’s accounting of bitcoin. “We entity to your accommodation for bitcoin impairment charges successful your non-GAAP measures,” the securities regulator wrote successful a Dec. 3 letter. The SEC past told Microstrategy to revise the mode it discloses its bitcoin holdings successful aboriginal filings.
What bash you deliberation astir Microstrategy buying much bitcoins? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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