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Following its most recent acquisition, MicroStrategy now owns more than 125,000 Bitcoin
MicroStrategy said today that it has bought an extra 660 Bitcoin for around $25 million.
The digital assets were acquired at an approximate price of $37,865 per Bitcoin between December 30, 2021 and January 31, according to CEO Michael Saylor’s tweet today.
The business intelligence organization presently owns 125,051 Bitcoins, which are worth $4.836 billion at the current Bitcoin price of $38,673.
MicroStrategy went on to say that its massive assets had an average purchase price of around $30,200 per BTC — a total of $3.78 billion spent on the market-leading asset since its initial acquisition.
Michael Saylor, an outspoken ‘leader’ in the Bitcoin industry due to his favorable and bullish outlooks on the commodity, has maintained his strong position on Bitcoin since his first $235 million BTC purchase in August 2020.
Since then, MicroStrategy has continued to pour resources into Bitcoin throughout the years, including a massive $1 billion acquisition in February, a further $177 million in August, and a June vow to generate further funds by shedding bonded debt.
Despite Bitcoin’s recent drop from a November high of $69k, MicroStrategy has managed to stay afloat in the face of inflation and regulatory challenges, thanks in part to El Salvador’s continued push for Bitcoin adoption and the asset becoming more accepted within legacy financial markets via ETFs and funds.
