MicroStrategy buys 660 more bitcoins for $25 million
thamnguyen99 1-02-2022, 23:19

MicroStrategy continues its regular Bitcoin purchases with another $25 million investment.

The NASDAQ-listed business information giant has stayed true to its word of buying more bitcoin regardless of market conditions.

Michael Saylor announced the company’s recent purchase on Twitter, where they spent $25 million to buy 660 BTC. Thus, the average price of the transaction is $37,865.

It’s worth noting that this purchase took place at the end of January as their total reserves surpassed 125,000 at the end of the month.

So far, the company has spent $3.78 billion buying bitcoin at an average price of $30,200 per coin.

MicroStrategy purchased an additional 660 bitcoins for approximately $25.0 million in cash at an average price of approximately $37,865 each #Bitcoin. From 01/31/22 we have #hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin. $MSTRhttps://t.co/bF6VImC0Qy

— Michael Saylor⚡️ (@saylor) February 1, 2022

“MicroStrategy bought another 660 bitcoins for ~$25 million in cash and GThe average price is ~$37,865 per bitcoin. Up to 01/31/2022 we hold ~125,051 Bitcoin total amount invested ~$3.78 billion and the average price is ~$30,200 per bitcoin.”

The previous purchase took place in late December when MicroStrategy spent $94 million to buy 1,914 BTC.

Although BTC’s price is $10,000 lower than last month, company executives continue to demonstrate a supportive approach.

Alongside Saylor, a well-known Bitcoin bull, MicroStrategy CFO Phong Le also confirmed that the company will continue to buy and hold BTC regardless of what happens in the price action market.

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According to CryptoPotato