HomeNewsMicroStrategy spent $25M to acquire 660 Bitcoins during January market crash

MicroStrategy spent $25M to acquire 660 Bitcoins during January market crash

- Advertisement -


Business intelligence firm MicroStrategy has made yet another big investment in Bitcoin after the currency barely held above $30,000 levels during the latest cryptocurrency market crash.

The firm announced the investment in a statement issued Tuesday where it revealed it had purchased approximately 660 bitcoins for roughly $25.0 million during the period between December 30, 2021, and January 31, 2022.

Per the statement, MicroStrategy acquired the bitcoins at an average purchase price of $30,200 per bitcoin. “As of January 31, 2022, the Company held approximately 125,051 bitcoins that were acquired at an aggregate purchase price of $3.78 billion,” the firm has revealed.

While $25 million may seem like a significant amount, MicroStrategy has invested capital in Bitcoin far more than the current purchase. In December 2021 alone, the company purchased some 1,914 Bitcoins at an average purchase price of $49,229 per Bitcoin. Before this, MicroStrategy bought 1,434 BTC between November 29 and December 8 last year.

The news came even as the company reported a loss of $146.6 million in Bitcoin impairment charges. According to the fourth quarter financial results posted Tuesday, the losses were added to MicroStrategy’s operating expenses,



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 23,719.36
ethereum
Ethereum (ETH) $ 1,731.03
tether
Tether (USDT) $ 0.999994
bitcoin-cash
Bitcoin Cash (BCH) $ 143.64
litecoin
Litecoin (LTC) $ 62.00
eos
EOS (EOS) $ 1.26
okb
OKB (OKB) $ 18.40
tezos
Tezos (XTZ) $ 1.93
leo-token
LEO Token (LEO) $ 4.86
cardano
Cardano (ADA) $ 0.542208
monero
Monero (XMR) $ 165.76
stellar
Stellar (XLM) $ 0.126418
chainlink
Chainlink (LINK) $ 8.45
huobi-token
Huobi (HT) $ 4.41
tron
TRON (TRX) $ 0.07042
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 54.29
neo
NEO (NEO) $ 11.75
iota
IOTA (MIOTA) $ 0.347737
nem
NEM (XEM) $ 0.052459
zcash
Zcash (ZEC) $ 71.47
maker
Maker (MKR) $ 1,145.62
paxos-standard
Pax Dollar (USDP) $ 0.999154
ethereum-classic
Ethereum Classic (ETC) $ 38.36
vechain
VeChain (VET) $ 0.032062
true-usd
TrueUSD (TUSD) $ 0.999972
ftx-token
FTX (FTT) $ 31.03
kucoin-shares
KuCoin (KCS) $ 10.67
waves
Waves (WAVES) $ 6.27