Business intelligence firm MicroStrategy added 1,434 Bitcoin to its coffers after purchasing the crypto asset at an average price of $ 57,477.
According to a report filed Thursday with the Securities and Exchange Commission, MicroStrategy bought 1,434 Bitcoin (BTC) between November 29th and December 8th for around $ 82.4 million, making a total of 122,478 BTC. With the latest acquisition, MicroStrategy’s stakes are valued at more than $ 5.9 billion, representing over $ 2.2 billion in profits.
MicroStrategy has an additional 1,434 bitcoins for ~ $ 82.4 million in cash at an average price of ~ $ 57,477 each. bought #bitcoin. From December 9th, 21 we have #hodl Purchased ~ 122,478 bitcoins for ~ $ 3.66 billion at an average price of ~ $ 29,861 per bitcoin. $ MSTRhttps://t.co/Xke8QhoYpy
– Michael Saylor⚡️ (@saylor) December 9, 2021
Since its initial $ 250 million investment in Bitcoin in August 2020, MicroStrategy has made billions of dollars in Bitcoin in separate purchases, with the company’s cash in addition to Sale of convertible bonds in the case of private offers to institutional buyers. However, there are cases when the Business intelligence firm bought the dip, some purchases followed price spikes in early 2021 when the BTC price exceeded $ 50,000.
According to data from Cointelegraph Markets Pro, Bitcoin’s price is $ 48,684 at the time of publication and has fallen more than 25% in the past 30 days. The crypto asset has been hovering near $ 50,000 since then Dipping on the $ 42,000s on December 3rd.