MicroStrategy purchases 1,914 Bitcoin, now holds almost $6B in crypto

Business
intelligence
firm
MicroStrategy
has
added
$94
million
worth
of
Bitcoin
(BTC) to
its
holdings
after
purchasing
the
crypto
asset
at
an
average
price
of
$49,229.

According
to
a
Thursday
filing
with
the
U.S.
Securities
and
Exchange
Commission,
MicroStrategy

purchased

1,914
BTC between
Dec.
9
and
Dec.
29
for
$94.2
million,
making
its
total
holdings
124,391
BTC.
With
the
recent
buy,
the
company’s
holdings
are
valued
at
roughly
$5.9
billion,
representing
more
than
$2.1
billion
in
gains.

Since
making
its
initial
$250-million
Bitcoin
investment
in
August
2020,
MicroStrategy
has
gone
on
to
purchase
more
than
$3.7
billion
in
BTC
in
separate
buys
using
the
company’s
cash
on
hand
in
addition
to

sales
of
convertible
senior
notes

in
private
offerings
to
institutional
buyers.
Though
there
are
cases
in
which
the
business
intelligence
firm

bought
the
dip
,
some
buys
followed
the
price
surges
in
early
2021
when
the
BTC
price
was
more
than
$50,000.



Related:




Insiders
sold
MicroStrategy
stock
after
Bitcoin’s
bull
run

The
firm’s
most
recent
BTC
purchase
follows
the
price
of
the
crypto
asset

dipping
under
$46,000

on
Thursday
as
it
continues
to
show
volatility
prior
to
the
new
year.

According

to
data
from
Cointelegraph
Markets
Pro,
the
price
of
Bitcoin
is
$47,226
at
the
time
of
publication,
having
fallen
more
than
7%
in
the
last
seven
days.

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