MicroStrategy acquired 1,434 BTC for $82.4 million

MicroStrategy representatives confirmed that the company acquired additional bitcoins for a total of $ 82.4 million. It now has 122,478 coins in its account.

During the period from November 29 to December 8, 2021, 1,434 BTC were purchased at an average price of $ 57,477 per coin. This has seriously expanded the investment portfolio of this company.

 

 

The value of all Bitcoins owned by MicroStrategy is $ 5.9 billion. Since its purchase in August 2020, this investment has brought bitcoin owners $ 2.2 billion in profit.

Recall that the initial investment was 250 million, which was a very daring investment at the time. In the future, the company used both its own funds and attracted through the sale of bonds to institutional investors in order to constantly replenish the reserves of the first cryptocurrency.

Experts note that MicroStrategy bought bitcoins not only during a serious decline in prices, but also against the backdrop of an increase in the value of the cryptocurrency. It was not uncommon when the price of bitcoin was over $ 50,000. This demonstrates commitment and belief in the power of cryptocurrencies.

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Coin Shark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources. Cryptocurrency is a high-risk asset, investments in it can lead to losses. Readers should do their own research before taking any action.