- MicroStrategy once again bought bitcoin, the third big buy in a month.
- The software company acquired 1,914 BTC for $ 94.2 million.
- Saylor’s company now owns around 124,391 bitcoin, the largest bitcoin holding among companies around the world.
Software intelligence firm MicroStrategy once again “bought back the drop,” adding 1,914 bitcoins to its holdings at an average price of $ 49,229 per BTC. The company now owns 124,391 bitcoin, the largest corporate bitcoin holdings in addition to trusts and exchange-traded funds (ETFs).
MicroStrategy said in a file with the United States Securities and Exchange Commission (SEC) Thursday that it acquired nearly two thousand new bitcoins between December 9 and December 29 for $ 94.2 million.
“MicroStrategy purchased an additional 1,914 bitcoins for ~ $ 94.2 million in cash at an average price of around $ 49,229 per #bitcoin. As of 12/29/21, we have #hodl ~ 124,391 bitcoins acquired for ~ $ 3.75 billion at an average price of ~ $ 30,159 per bitcoin, ”said Michael Saylor, CEO of MicroStrategy. tweeted Thursday to announce the purchase.
The purchase was fully funded by the sale of Class A common shares by MicroStrategy during the same period. The company sold a total of 167,759 shares under a June open market sale agreement at an average price of $ 565.78 per share.
MicroStrategy’s bitcoin buying strategies are now quite common. The company indulges in new BTC every time the market bleeds, guaranteeing cheap bitcoin at a discounted price.
The acquisition comes after two major purchases in the past month. On November 29, MicroStrategy announced that it had bought $ 400 million worth of bitcoin, totaling 7,000 new BTCs added to its holdings, just after the market began to plunge. Less than two weeks later, the software company added 1,434 more bitcoins to its stack for an $ 82 million purchase.