MicroStrategy Purchased 660 More BTC for $25 Million

The NASDAQ-listed business intelligence giant has stayed true to its word to acquire more bitcoins no matter the market conditions. The firm’s CEO announced the latest purchase worth $25 million.

• Michael Saylor took it to Twitter to outline the latest acquisition made by the company, in which it spent $25 million to buy 660 bitcoins. This meant that the average price of the transaction was $37,865.
• It’s worth noting that this purchase came at the end of January as its total stash exceeded 125,000 as of the end of that month.
• As of now, the firm has spent $3.78 billion to acquire its bitcoin pile at an average price of $30,200 per coin.

MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per #bitcoin. As of 1/31/22 we #hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin. $MSTRhttps://t.co/bF6VImC0Qy

— Michael Saylor (@saylor) February 1, 2022

• The previous purchase came in late December when MicroStrategy spent $94 million to buy 1,914 BTC.
• Although the price of the asset is more than $10,000 lower than it was a month ago, the company’s executives continue to display a pro-bitcoin approach.
• Apart from Saylor, who is a well-known bitcoin bull, MicroStrategy’s CFO – Phong Le – also asserted that the firm will keep buying and holding BTC no matter what happens in the market in terms of price action.