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    RareHippo – Crypto, Bitcoin, Blockchain News & Views
    Home»Investments»MicroStrategy Buys 1,434 BTC for $82M, Now Holds 122,478 Bitcoin
    Investments

    MicroStrategy Buys 1,434 BTC for $82M, Now Holds 122,478 Bitcoin

    December 10, 2021By Staff Writer1 Min ReadNo Comments
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    Michael Saylors company bought an extra $82.4 million worth of bitcoin about a week after announcing a $414 million purchase.

    Software intelligence company and bitcoin accumulator MicroStrategy has increased its BTC holdings with a recent acquisition of 1,434 coins, according to a Securities and Exchange Commission (SEC) filing Thursday.

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    The purchase was made between November 29 and December 8 for $82.4 million in cash, valuing each BTC bought at about $57,477 on average.

    MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. $MSTRhttps://t.co/2ESbTy6ad7

    — Michael Saylor⚡️ (@saylor) September 13, 2021

    The acquisition came a little over a week after the company announced it had purchased more than 7,000 BTC for $414.4 million. MicroStrategy said it now holds approximately 122,478 bitcoin acquired at an average price of $29,861 per coin, an aggregate purchase price of $3.66 billion. At the time of writing, the companys bitcoin holdings are worth about $6 billion.

    MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price of ~$57,477 per bitcoin, MicroStrategy CEO Michael Saylor tweeted on Thursday.

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