MicroStrategy Adds 660 Bitcoins Worth $25 M

by in Cryptocurrency News

Microstrategy buys more Bitcoin

The CEO of the biggest publicly-traded business intelligence company MicroStrategy Michael Saylor announced buying another 660 bitcoins for $25 M. MicroStrategy paid about $37.865 per coin.

Related: MicroStrategy additionally bought 1,434 BTC for over $80M

Currently, the company holds about 125.051 BTC purchased for $3.78 bln at an average price of $30.200 per BTC.

The previous acquisition of the company was in Dec, 2021. Then MicroStrategy obtained 1,434 bitcoins, paying about $82.4 M.

Michael Saylor is a huge Bitcoin supporter, and he often mentions the coin in his tweets. He said that MicroStrategy's goal with BTC is to buy and hold. Saylor mentioned that the company will use cash flows or find other ways to raise funds and put the holdings into BTC.

On February 1 and 2, MicroStrategy will hold a live Webinar World 2022 to discuss technology, partnerships, challenges, development, and other subjects.

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During the event, Block CEO Jack Dorsey and Saylor, will discuss Bitcoin for corporations. Currently, BTC trades at around $38.400. The market cap of the coin is above $728 M.