MicroStrategy buys the dip, adding 660 more BTC to its reserve

In its archetypal large acquisition of the year, MicroStrategy added 660 further BTC to its reserves, which presently holds implicit 125,000 BTC.

MicroStrategy’s doubles down connected Bitcoin pursuing league announcement

According to the latest Form 8-K papers filed with the SEC, MicroStrategy purchased 660 BTC betwixt December 30th, 2021, and January 31st, 2022. The institution paid $25 cardinal for its latest purchase, astatine an mean terms of astir $37,865 per Bitcoin.

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. $MSTRhttps://t.co/bF6VImC0Qy

— Michael Saylor⚡️ (@saylor) February 1, 2022

MicroStrategy present holds 125,051 BTC, which it acquired astatine an aggregate acquisition terms of $3.78 cardinal an mean acquisition terms of $30,200 per Bitcoin. With Bitcoin lasting astatine astir $38,500 astatine property time, this latest acquisition means that MicroStrategy is inactive successful profit, contempt the caller marketplace downturn.

The acquisition marked the opening of the Bitcoin for Corporations league MicroStrategy announced past week. The virtual lawsuit volition spot the NASDAQ-listed institution amended corporations and fiscal institutions connected however to integrate cryptocurrencies into their operations.

If you are a corp funny successful integrating #bitcoin into your products, services oregon equilibrium sheet, articulation america adjacent week. You volition perceive from experts successful bitcoin strategy, treasury, accounting, law, technology, trading, custody, payments, & banking.https://t.co/V9fIkv633q

— Michael Saylor⚡️ (@saylor) January 30, 2022

The event, acceptable to instrumentality spot connected February 1st and 2nd, volition besides research the benefits of having Bitcoin connected firm equilibrium sheets, its CEO Michael Saylor said connected Sunday.

Aside from Saylor himself, different notable speakers astatine the league volition see Jack Dorsey, the co-founder of Twitter, Aubrey Strobel, the caput of communications astatine Lolli, and Phong Le, the CFO of MicroStrategy, among others.

The archetypal variation of the Bitcoin for Corporations league was a resounding success. According to Saylor, past year’s lawsuit attracted much CEOs than immoderate MicroStrategy lawsuit ever did.