MicroStrategy bought an additional 1,914 bitcoins

IT services firm MicroStrategy is continuing its strategy of adding bitcoin (BTC) to its balance sheet. Just a few hours to the year, CEO Michael Saylor announced on Twitter another purchase of the leading cryptocurrency by market capitalization. This time, MicroStrategy bought 1,914 BTC between Dec. 9 and Dec. 29 for approximately $ 94.2 million in cash, at an average price of approximately $ 49,229 per bitcoin.

Given that the price of bitcoin is hovering around $ 47,500 at the time of writing, this particular purchase is at a loss for now.

The company now holds 124,392 bitcoins

According to the published Form 8-K, dated December 29, 2021. microstrategy holds approximately 124,391 bitcoins purchased at a total purchase price of $ 3.75 billion and an average purchase price of approximately $ 30,159 per bitcoin. This means that MicroStrategy has earned approximately $ 2.16 billion on its bitcoins.

With a maximum bitcoin supply of 21 million, MicroStrategy now owns approximately 0.6 percent of all theoretical bitcoins. Counting on a loss of about three million bitcoins due to lost wallets, the company currently holds approximately 0.7 of all bitcoins that will ever be available, or about one percent of all current bitcoins.

Third purchase in a month

MicroStrategy is constantly buying bitcoin; only three weeks ago the company bought 1,434 bitcoins at an average price of $ 57,477 per coin. Prior to that, on November 29, MicroStrategy purchased an additional 7,002 BTCs for $ 414.4 million in cash at an average price of approximately $ 59,187 per BTC.


CryptoSlate newsletter

It contains a summary of the most important daily stories in the world of cryptocurrencies, DeFi, NFT and more.

Take it edge in the cryptocurrency market

Access more crypto insights and context in each article as a paid member CryptoSlate Edge.

Chain analysis

Price snapshots

More context

Join now for $ 19 a month Explore all the benefits

Leave a Comment