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.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
