MicroStrategy buys another 3,000 BTC for $155 million
This marks the third time when the tech company bought Bitcoin at a price over $50,000.
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MicroStrategy reported the acquisition of 3,000 Bitcoins (BTC) on Monday, spending approximately $155 million to buy more BTC at an average price of $51,813. After this recent buy, the company now sits at 193,000 BTC acquired at an average price of $31,544, which translates to over $6 billion.
At the time of writing, the Bitcoin price sits at $53,266.02, making MicroStrategy’s holdings worth more than $10 billion. In other words, the company founded by Michael Saylor now has over $4 billion in unrealized profits, according to a dashboard made by on-chain data firm CryptoQuant.
This last BTC batch is one of the most expensive in MicroStrategy’s acquisition history. On Nov. 29, 2021, the firm bought 7,002 BTC at an average price of $59,187. A few days later, on Dec. 9, MicroStrategy made another move to acquire 1,434 BTC at an average price of $57,477. Today’s accumulation movement marks the third time MicroStrategy has bought Bitcoin over the $50,000 price range.
Moreover, since last year’s November, MicroStrategy has consistently bought Bitcoin every month, accumulating 34,755 BTC until this Monday. Since then, the average price for its BTC acquisitions has gone up by approximately $2,000.
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