micro strategyNasdaq: MSTR), the world’s leading enterprise analytics firm and the largest public holding of bitcoin (BTC/USD), buying cryptocurrency is not done.
While the market appears to be on the verge of a major selloff as price swings past key support levels amid the crypto contagion, it appears that MicroStrategy has taken the plunge to buy short. according to latest filing With the US Securities and Exchange Commission (SEC), MicroStrategy added approximately $56.4 million worth of bitcoins in November and December.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter today.
MicroStrategy added 2,500 bitcoins
According to the SEC filing, the company purchased 2,395 bitcoins for $42.8 million between November 1, 2022, and December 21, 2022. The average buy price per BTC was bought at $17,871. Although the business intelligence software provider offloaded 704 bitcoins for $11.8 million at an average selling price of $16,776 on December 22, 2022, it was yet to buy in 2022.
On Christmas Eve, MicroStrategy again added to its bitcoin haul – this time receiving roughly 810 bitcoins for $13.6 million. The purchase was made in cash, with an average price of $16,845 per BTC at the time.
With these transactions, MicroStrategy added a total of 2,500 bitcoins to its holdings in the two months starting November 1. MicroStrategy founder and executive chairman Michael Saylor shared the news on Twitter.
as inves previously reportedMicroStrategy bought another 301 bitcoins in September, increasing the company’s holdings to nearly 130,000 BTC by October 31, 2022. After the latest purchase, the total hoarded until December 27, 2022, has increased to approximately 132,500 BTC.
Overall, the company has bought BTC worth $4.03 billion at an average purchase price of $30,397.
Bitcoin Crypto Related Post