The company’s assets are worth almost $5.9 billion, reflecting a gain of more than $2.1 billion from its initial purchase in August 2020.
MicroStrategy, a business analytics organization, has purchased $94 million worth of Bitcoin (BTC) at an average price of $49,229, bringing its total holdings to $94 million.
MicroStrategy bought 1,914 Bitcoins for $94.2 million between December 9 and December 29, 2021, according to a filing with the US Securities and Exchange Commission on Thursday, bringing its total holdings to 124,391 Bitcoins. The company’s interests are now valued at almost $5.9 billion, reflecting a gain of more than $2.1 billion.
“MicroStrategy has bought an additional 1,914 Bitcoins for $94.2 million in cash, averaging $49,229 per Bitcoin. We #hodl 124,391 Bitcoin for $3.75 billion as of December 29th, at an average price of $30,159 per Bitcoin.”
MicroStrategy has purchased more than $3.7 billion in Bitcoin in separate transactions using the company’s cash on hand after making its initial $250 million Bitcoin investment in August 2020, in addition to sales of convertible senior notes in private offers to institutional investors. Though there have been instances where the business intelligence organization has bought the drop, some of the purchases have been made in response to price spikes in early 2021 when the BTC price was over $50,000.
The firm’s latest BTC purchase comes after the crypto asset’s price fell below $46,000 on December 29 as it continued to demonstrate volatility in the run-up to the new year. Bitcoin’s price is $47,226 at the time of publication, down more than 7% in the last seven days, according to statistics from Cointelegraph Markets Pro.