{"id":56955,"date":"2022-02-01T16:15:39","date_gmt":"2022-02-01T14:15:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56955"},"modified":"2025-09-04T09:07:36","modified_gmt":"2025-09-04T06:07:36","slug":"microstrategy-buys-an-additional-660-btc-for-about-25-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-buys-an-additional-660-btc-for-about-25-million\/","title":{"rendered":"MicroStrategy buys an additional 660 BTC for about $25 million"},"content":{"rendered":"<p>The business analytics software provider MicroStrategy has purchased an additional 660 BTC for about $25 million. The average purchase price was around $37,865, said the company&#8217;s CEO Michael Saylor.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. As of 1\/31\/22 we <a href=\"https:\/\/twitter.com\/hashtag\/hodl?src=hash&#038;ref_src=twsrc%5Etfw\">#hodl<\/a> ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a><a href=\"https:\/\/t.co\/bF6VImC0Qy\">https:\/\/t.co\/bF6VImC0Qy<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1488498422495817728?ref_src=twsrc%5Etfw\">February 1, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The transactions were conducted between December 30, 2021 and January 31, 2022.<\/p>\n<p>In total MicroStrategy owns 125,051 BTC worth about $4.8 billion at current prices. The firm spent about $3.78 billion on their purchase (average price \u2014 $30,200).<\/p>\n<p>In August 2020, the provider <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">acquired 21,454 BTC<\/a> (~$250 million at the price at the time of the deal).<\/p>\n<p>MicroStrategy continued to expand its cryptocurrency reserves in accordance with the <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-bets-another-175-million-on-bitcoin\">board-approved strategy<\/a>.<\/p>\n<p>Since December 2020 the company began using not only equity but also debt financing to buy bitcoin, issuing <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-650-million-for-bitcoin-purchase\">convertible bonds worth $650 million<\/a>.<\/p>\n<p>In February 2021 MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-raises-more-than-1-billion-in-debt-financing-to-buy-bitcoin\">issued a new tranche<\/a> of more than $1 billion and <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-more-bitcoin-for-1-026-billion\">invested again<\/a> the funds raised in cryptocurrency.<\/p>\n<p>Over the year the company continued to invest in Bitcoin. The largest purchases were <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-13005-more-btc\">13,005 BTC for $489 million<\/a> in July and <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-an-additional-7002-btc\">7,002 BTC for $414.4 million<\/a> at the end of November.<\/p>\n<p>In December MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-1434-more-btc-for-over-80-million\">announced the acquisition of 1,434 BTC<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-another-1914-btc-for-more-than-94-million\">1,914 BTC<\/a>.<\/p>\n<p>Earlier in 2022, Saylor reaffirmed <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-confirms-readiness-to-hold-bitcoin-after-40-price-drop\">his commitment to the strategy of buying and holding Bitcoin<\/a>, a position later <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-cfo-says-it-will-continue-buying-bitcoin-despite-market-correction\">supported by the company&#8217;s CFO Fung Lee<\/a> despite a market correction.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The business analytics software provider MicroStrategy has purchased an additional 660 BTC for about $25 million. The average purchase price was around $37,865, said the company&#8217;s CEO Michael Saylor.<\/p>\n","protected":false},"author":1,"featured_media":56956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1156,1207],"class_list":["post-56955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-institutional-investors-and-whales","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=56955"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56955\/revisions"}],"predecessor-version":[{"id":56957,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56955\/revisions\/56957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/56956"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=56955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=56955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=56955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}