MicroStrategy Buys the Bitcoin Dip - Again

Written By Guest User

  • Business technology and intelligence development company MicroStrategy has announced that it has purchased $94 million worth of Bitcoin ($BTC) at an average price of $49,229 per bitcoin.

  • The official filing with the U.S. Securities and Exchange Commission indicates that the company purchased 1,914 BTC between December 9th and December 29th 2021.

  • As of December 29th, 2021, MicroStrategy holds 124,391 bitcoins which it has purchased at an average price of about $30,159 per bitcoin. The company has spent $3.75 billion investing into Bitcoin, and its holdings are valued at about $5.9 billion.

  • Michael Saylor, CEO of MicroStrategy, tweeted out the announcement this morning. Since making its first Bitcoin investment in August 2020, MicroStrategy has seen a potential profit of $2.1 billion on its total Bitcoin investments.

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