{"id":724,"date":"2021-12-30T15:07:34","date_gmt":"2021-12-30T15:07:34","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=724"},"modified":"2021-12-30T15:07:34","modified_gmt":"2021-12-30T15:07:34","slug":"microstrategy-purchases-1914-bitcoin-now-holds-almost-6b-in-crypto","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=724","title":{"rendered":"MicroStrategy purchases 1,914 Bitcoin, now holds almost $6B in crypto"},"content":{"rendered":"<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>\n<p>Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC)\u00a0to its holdings after purchasing the crypto asset at an average price of $49,229.<\/p>\n<p>According to a Thursday filing with the U.S. Securities and Exchange Commission, MicroStrategy purchased 1,914 BTC\u00a0between Dec. 9 and Dec. 29 for $94.2 million, making its total holdings 124,391 BTC. With the recent buy, the company\u2019s holdings are valued at roughly $5.9 billion, representing more than $2.1 billion in gains.<\/p>\n<p lang=\"en\" dir=\"ltr\">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<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) December 30, 2021<\/p>\n<p>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\u2019s 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.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Insiders sold MicroStrategy stock after Bitcoin\u2019s bull run<\/em><\/strong><\/p>\n<p>The firm\u2019s 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. <\/p>\n<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 = \"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:\/\/cointelegraph.com\/news\/microstrategy-purchases-1-914-bitcoin-now-holds-almost-6b-in-crypto\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC)\u00a0to 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\u00a0between Dec. 9 and Dec. 29 for $94.2 million, making its total holdings 124,391 BTC. 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