MicroStrategy purchases 1,914 Bitcoin, now holds almost $6B in crypto

Published at: Dec. 30, 2021

Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC) to its holdings after purchasing the crypto asset at an average price of $49,229.

According to a Thursday filing with the U.S. Securities and Exchange Commission, MicroStrategy purchased 1,914 BTC between Dec. 9 and Dec. 29 for $94.2 million, making its total holdings 124,391 BTC. With the recent buy, the company’s holdings are valued at roughly $5.9 billion, representing more than $2.1 billion in gains.

MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin. $MSTRhttps://t.co/tNxDwaT8VD

— Michael Saylor⚡️ (@saylor) December 30, 2021

Since making its initial $250-million Bitcoin investment in August 2020, MicroStrategy has gone on to purchase more than $3.7 billion in BTC in separate buys using the company’s cash on hand in addition to sales of convertible senior notes in private offerings to institutional buyers. Though there are cases in which the business intelligence firm bought the dip, some buys followed the price surges in early 2021 when the BTC price was more than $50,000.

Related: Insiders sold MicroStrategy stock after Bitcoin’s bull run

The firm’s most recent BTC purchase follows the price of the crypto asset dipping under $46,000 on Dec. 29 as it continues to show volatility prior to the new year. According to data from Cointelegraph Markets Pro, the price of Bitcoin is $47,226 at the time of publication, having fallen more than 7% in the last 7 days.

Tags
Bitcoin
Bitcoin Price
Business
Cryptocurrencies
Investments
Microstrategy
Related Posts
Michael Saylor assuages investors after market slumps hurts MSTR, BTC
MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans. The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision to convert its treasury reserve into BTC holdings. Global markets have suffered major losses in early May and Microstrategy’s stock has not been spared. MSTR has seen its value drop by 24% and the value of Bitcoin has also slumped considerably along with the wider cryptocurrency markets. This is …
Technology / May 10, 2022
Guggenheim CIO expects Bitcoin to drop to $20,000
A senior executive at financial services firm Guggenheim Partners — which is planning to seek investment exposure to Bitcoin (BTC) — has argued that BTC is poised to drop to $20,000. Scott Minerd, Guggenheim’s chief investment officer, believes that Bitcoin will not hit another all-time high in 2021, according to a Jan. 21 episode of CNBC's Closing Bell. After hitting $42,000 price level on Jan. 8, Bitcoin is unlikely to climb any higher until 2022, Minerd said: “I think for the time being, we probably put in the top for bitcoin for the next year or so. And we're likely …
Bitcoin / Jan. 21, 2021
Cat got your tongue? Bitcoin critics wither in 2020
Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin's performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp. Yet compared to other bull run years like 2017, 2020 has seen much less crypto criticism, with a number of Bitcoin naysayers appearing to have somewhat softened their stance towards digital assets. As we look back on crypto in 2020, Cointelegraph has noted some of cryptocurrency's biggest critics. “Bitcoin has no future”: Russian politician Anatoly Aksakov Date of quote: Oct. 23, 2020 Bitcoin …
Adoption / Dec. 21, 2020
Grayscale’s Bitcoin Holdings Pass $3 Billion, Growing 76% Year-on-Year
Grayscale, a major digital asset management fund, has continued to grow this year, with its total assets under management, or AUM, hitting new highs. According to a May 19 tweet, Grayscale’s total AUM hit $3.8 billion, surging over 80% from $2.1 billion in May 2019. Bitcoin trust continues to gain momentum Grayscale’s Bitcoin (BTC) trust has continued to lead other cryptocurrencies in the fund, accounting for $3.36 billion, or 89% of the firm’s total AUM. The value of Grayscale’s Bitcoin investment trust surged 76% from last year’s $1.9 billion. At the same time, Grayscale’s Bitcoin trust’s share saw a small …
Bitcoin / May 20, 2020
Coinbase has held Bitcoin on its balance sheets since 2012
United States-based cryptocurrency exchange Coinbase has revealed that Bitcoin (BTC) and other crypto assets have been a key component of its corporate treasury since the company's founding back in 2012. In a new announcement addressed to other corporate actors, the exchange presented its own experience in managing its treasury position in cryptocurrencies as a solid foundation for advising other private and publicly traded companies about how to deal with their own prospective investments. In a newly published, highly detailed corporate treasury FAQ, the exchange provides a thorough overview of the kinds of investment, accounting and tax policies that companies would …
Bitcoin / Feb. 25, 2021