{"id":1590,"date":"2022-02-01T22:54:45","date_gmt":"2022-02-01T22:54:45","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=1590"},"modified":"2022-02-01T22:54:46","modified_gmt":"2022-02-01T22:54:46","slug":"microstrategy-buys-the-dip-adding-660-more-btc-to-its-reserve","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1590","title":{"rendered":"MicroStrategy buys the dip, adding 660 more BTC to its reserve"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p class=\"p1\">In its first major purchase of the year, MicroStrategy added 660 additional BTC to its reserves, which currently holds over 125,000 BTC.<\/p>\n<h2 class=\"p3\">MicroStrategy\u2019s doubles down on Bitcoin following conference announcement<\/h2>\n<p class=\"p1\">According to the latest Form 8-K document filed with the SEC, MicroStrategy purchased 660 BTC between December 30th, 2021, and January 31st, 2022. The company paid $25 million for its latest purchase, at an average price of approximately $37,865 per Bitcoin.<\/p>\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per #bitcoin. As of 1\/31\/22 we #hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin. $MSTRhttps:\/\/t.co\/bF6VImC0Qy<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) February 1, 2022<\/p>\n<p class=\"p1\">MicroStrategy now holds 125,051 BTC, which it acquired at an aggregate purchase price of $3.78 billion an average purchase price of $30,200 per Bitcoin. With Bitcoin standing at around $38,500 at press time, this latest purchase means that MicroStrategy is still in profit, despite the recent market downturn.<\/p>\n<p class=\"p1\">The purchase marked the beginning of the Bitcoin for Corporations conference MicroStrategy announced last week. The virtual event will see the NASDAQ-listed company educate corporations and financial institutions on how to integrate cryptocurrencies into their operations.<\/p>\n<p lang=\"en\" dir=\"ltr\">If you are a corporation interested in integrating #bitcoin into your products, services or balance sheet, join us next week. You will hear from experts in bitcoin strategy, treasury, accounting, law, technology, trading, custody, payments, &amp; banking.https:\/\/t.co\/V9fIkv633q<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) January 30, 2022<\/p>\n<p class=\"p1\">The event, set to take place on February 1st and 2nd, will also explore the benefits of having Bitcoin on corporate balance sheets, its CEO Michael Saylor said on Sunday.<\/p>\n<p class=\"p1\">Aside from Saylor himself, other notable speakers at the conference will include Jack Dorsey, the co-founder of Twitter, Aubrey Strobel, the head of communications at Lolli, and Phong Le, the CFO of MicroStrategy, among others.<\/p>\n<p class=\"p1\">The first edition of the Bitcoin for Corporations conference was a resounding success. According to Saylor, last year\u2019s event attracted more CEOs than any MicroStrategy event ever did.<\/p>\n<p><h2>CryptoSlate Newsletter<\/h2>\n<\/p>\n<p>Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<h2>Get an edge on the cryptoasset market<\/h2>\n<p>Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/microstrategy-buys-the-dip-adding-660-more-btc-to-its-reserve\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In its first major purchase of the year, MicroStrategy added 660 additional BTC to its reserves, which currently holds over 125,000 BTC. MicroStrategy\u2019s doubles down on Bitcoin following conference announcement According to the latest Form 8-K document filed with the SEC, MicroStrategy purchased 660 BTC between December 30th, 2021, and January 31st, 2022. The company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-1590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1590"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1590\/revisions"}],"predecessor-version":[{"id":1592,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1590\/revisions\/1592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1591"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}