Microstrategy Buys 660 More Bitcoins —Total Holdings Rise to 125,051 BTC

Nasdaq-listed Microstrategy has purchased 660 extra bitcoins at a median value of $37,865 per coin, bringing the full crypto holdings of the corporate to 125,051 bitcoins. “Our technique with bitcoin has been to purchase and maintain, so to the extent we’ve extra money flows or we discover different methods to boost cash, we proceed to place it into bitcoin.”

Microstrategy Adds 660 Bitcoins to Its Treasury

The Nasdaq-listed software program firm Microstrategy has purchased the dip once more. CEO Michael Saylor tweeted Tuesday:

Microstrategy has bought a further 660 bitcoins for ~$25.0 million in money at a median value of ~$37,865 per bitcoin. As of 1/31/22 we hodl ~125,051 bitcoins acquired for ~$3.78 billion at a median value of ~$30,200 per bitcoin.

According to the corporate’s submitting with the U.S. Securities and Exchange Commission (SEC), the acquisition was made throughout the interval between Dec. 30, 2021, and Jan. 31, 2022.

At the time of writing, the value of bitcoin is $39,121.89 based mostly on information from Bitcoin.com Markets. It is up virtually 2% throughout the previous 24 hours, 6.4% within the final 7 days, however down 18% over the previous 30 days.

Microstrategy’s chief monetary officer, Phong Le, mentioned final week:

Our technique with bitcoin has been to purchase and maintain, so to the extent we’ve extra money flows or we discover different methods to boost cash, we proceed to place it into bitcoin.

Last week, the SEC made public its letters to Microstrategy concerning the firm’s accounting of bitcoin. “We object to your adjustment for bitcoin impairment fees in your non-GAAP measures,” the securities regulator wrote in a Dec. 3 letter. The SEC then informed Microstrategy to revise the way in which it discloses its bitcoin holdings in future filings.

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