MicroStrategy fund bought 660 bitcoins

The average price per coin was about $37 865

02.02.2022 - 08:30

442

1 min

What’s new? The founder of the MicroStrategy fund, Michael Saylor, posted a tweet announcing the purchase of an additional 660 bitcoins for the company’s balance sheet. The total amount of the latest transaction, according to Saylor, exceeded $25 million in cash.

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. $MSTR https://t.co/bF6VImC0Qy— Michael Saylor⚡️ (@saylor) February 1, 2022

What else is known about the deal? According to Saylor, the purchase of additional coins took place on January 31, 2022. The average value per bitcoin purchased in this exceeded $37 800. MicroStrategy currently owns 125 051 coins at an average price of $30 200 per bitcoin. The fund’s total portfolio in bitcoin is valued at $4,8 billion, with purchase costs of $3,78 billion.

MicroStrategy continues to stick to its strategy and build up the number of bitcoins on its balance sheet. Earlier was mentioned that the fund increased its stock by 3907 coins. This purchase took place in August 2021.

Author: