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Home Business

MicroStrategy Acquires $82M In Bitcoin, Now Has 122,478 BTC

admin by admin
12월 9, 2021
in Business
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MicroStrategy Could Have 108% More Profits By Investing In Ethereum Instead Of Bitcoin
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As of December 9, 2021, MicroStrategy has Bitcoin holdings valued at over $5.9 billion which represents over $2.2 billion in gains since its first purchase in August 2020.

MicroStrategy buys more Bitcoin

The business intelligence firm added 1,434 Bitcoins to its coffers after it acquired the flagship crypto at an average price of $57,477.

Based on a December 9 filing with the Securities and Exchange Commission (SEC), MicroStrategy purchased 1,434 Bitcoin from November 29 to December 8 for a price of around $82.4 million. With that recent buy, MicroStrategy has a bitcoin holding of over $5.9 billion, representing at least $2.2 billion in profit.

MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price of ~$57,477 per #bitcoin. As of 12/9/21 we #hodl ~122,478 bitcoins acquired for ~$3.66 billion at an average price of ~$29,861 per bitcoin. $MSTRhttps://t.co/Xke8QhoYpy

— Michael Saylor⚡️ (@saylor) December 9, 2021

Since making its first $250-million Bitcoin investment in August 2020; MicroStrategy has gone on to buy billions of dollars’ worth of bitcoin in different buys using the firm’s cash on hand and sales of convertible senior notes in multiple private offerings to institutional investors.

Buy Bitcoin Now

Although there are cases where the business intelligence company bought the dip; some of its buys followed the price surges seen in early 2021 when the price of Bitcoin was over $50,000.

Based on data acquired from various market sources, the bitcoin price is $48, 532 at the time of writing, having plunged more than 25% in the past 30 days. This crypto asset has been hovering near $50,000 since it dipped to local lows of $42,000 on December 3.

Tags: adoptionBitcoinBTCBTC pricebusinessc ryptocryptocurrencyinvestmentsMicrostrategy
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