MicroStrategy Acquires 660 Bitcoin For $25.0 Million In January

It’s a new month, and that means a new monthly update for MicroStrategy’s (NASDAQ: MSTR) bitcoin holdings. The firm evidently continues to buy up the cryptocurrency, albeit at a reduced pace despite the sharp fall in valuation experienced by the cryptocurrency over the last month.

Between the firms last update on December 30, 2021, and January 31, 2022, the company reportedly acquired 660 bitcoins, at a total cost of $25.0 million. While the firm continues to buy the crypto, the price paid in aggregate is significantly smaller than the $94.2 million spent between December 9 and December 29 by the company, or the $82.4 million spent in the period prior to that.

The latest round of crypto was acquired at a price of $37,865 per bitcoin on average, which brings the firms average across all purchases to $30,200 per bitcoin. Following the purchase, the company currently holds 125,051 bitcoin, for which it paid $3.78 billion in aggregate for, inclusive of fees and expenses.

MicroStrategy last traded at $368.01 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

First Majestic Posts Record Quarterly Silver Production In Q3

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

Related News

Musk’s Bitcoin Electricity Comments Could Push Investment To Coins Like XRP, Dogecoin, Cardano

Elon Musk’s May 13 tweet that Tesla will no longer accept Bitcoin as payment for...

Wednesday, May 19, 2021, 02:22:00 PM

MicroStrategy Adds 2,500 Net Bitcoin To Its Portfolio – But Not Without Selling Some First

It may have taken awhile amid the downturn in current crypto markets, but MicroStrategy (NASDAQ:...

Wednesday, December 28, 2022, 09:22:02 AM

Hut 8 Mining Sees Production Increase To 9.7 Bitcoin Per Day

Hut 8 Mining Corp (NASDAQ: HUT) (TSX: HUT) this morning issued a production update for...

Wednesday, August 4, 2021, 07:49:17 AM

Bitcoin Policy Pushes For UK To Hodl Its 61,000 Bitcoin Holdings

A Bitcoin lobbying group, Bitcoin Policy, has urged the UK government to refrain from selling...

Thursday, July 25, 2024, 03:46:40 PM

Bitcoin Investor Must Hand Over Keys to $124 Million Crypto Cache

A federal judge has ordered an Austin Bitcoin investor to surrender passcodes to unlock cryptocurrency...

Thursday, January 9, 2025, 02:07:00 PM