MicroStrategy buys 660 more bitcoins for $25 million
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.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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MicroStrategy buys 660 more bitcoins for $25 million
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.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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