The NASDAQ-listed business intelligence giant has lived up to its promise to acquire more bitcoins, no matter the market conditions. The firm’s CEO announced the latest purchase for $25 million.
- Michael Sayer took to Twitter to outline the latest acquisition made by the company, in which he spent $25 million to buy 660 bitcoins. This meant that the average transaction price was $37,865.
- It’s worth noting that the purchase took place at the end of January as its total amount exceeded 125,000 by the end of that month.
- So far, the firm has spent $3.78 billion to acquire its bitcoin stack 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, by 1/31/22 we #hodl At an average price of ~$30,200 per bitcoin, ~125,051 bitcoins were received for ~$3.78 billion. $mstrhttps://t.co/bF6VImC0Qy
— Michael Saylor⚡️ (@saylor) 1 February 2022
- The last purchase occurred at the end of December when MicroStrategy spent $94 million to buy 1,914 BTC.
- Company executives continue to show a pro-Bitcoin stance, even though the asset is trading lower by more than $10,000 from a month ago.
- In addition to a well-known bitcoin bull marketer, Microstrategy’s CFO – Fong Le – also stressed that the firm will continue to buy and hold BTC, regardless of the price action in the market.
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