Fun

Microstrategy Buys 660 More Bitcoins —Total Holdings Rise to 125,051 BTC

News Feed - 2022-02-02 08:02:30

Microstrategy Buys 660 More Bitcoins —Total Holdings Rise to 125,051 BTC


Nasdaq-listed Microstrategy has bought 660 more bitcoins at an average price of $37,865 per coin, bringing the total crypto holdings of the company to 125,051 bitcoins. “Our strategy with bitcoin has been to buy and hold, so to the extent we have excess cash flows or we find other ways to raise money, we continue to put it into bitcoin.” Microstrategy Adds 660 Bitcoins to Its Treasury


The Nasdaq-listed software company Microstrategy has bought the dip again. CEO Michael Saylor tweeted Tuesday: Microstrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per bitcoin. As of 1/31/22 we hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin.


According to the company’s filing with the U.S. Securities and Exchange Commission (SEC), the purchase was made during the period between Dec. 30, 2021, and Jan. 31, 2022.


At the time of writing, the price of bitcoin is $39,121.89 based on data from Bitcoin.com Markets. It is up almost 2% within the past 24 hours, 6.4% in the last 7 days, but down 18% over the past 30 days.


Microstrategy’s chief financial officer, Phong Le, said last week: Our strategy with bitcoin has been to buy and hold, so to the extent we have excess cash flows or we find other ways to raise money, we continue to put it into bitcoin.


Last week, the SEC made public its letters to Microstrategy about the company’s accounting of bitcoin. “We object to your adjustment for bitcoin impairment charges in your non-GAAP measures,” the securities regulator wrote in a Dec. 3 letter. The SEC then told Microstrategy to revise the way it discloses its bitcoin holdings in future filings. Tags in this story Buy Bitcoin, buy the dip, michael saylor, microstrategy, microstrategy accounting, microstrategy buys bitcoin, microstrategy ceo, microstrategy purchases Bitcoin, Purchase Bitcoin, SEC


What do you think about Microstrategy buying more bitcoins? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity FEATURED | 20 hours ago Nigerian Crypto Firm Executive: Central Bank Prohibition Led to Growth in Crypto Awareness FEATURED | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleGeeking out With RPGs and NFTs: AdaQuest to Hold a Public Sale on KICK․IO Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRussians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds


A new survey has indicated that Russians who have heard about cryptocurrency are deeply divided in their opinions on the recently suggested ban on operations with digital assets. A third of the respondents support the central bank’s proposal while an ... read more.Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor Study: US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60% Salvadoran President Nayib Bukele Expects Bitcoin to Experience a "Gigantic Price Increase"

News Feed

Elon Musk lashes out at EU over ‘illegal’ free speech deal
Robert D. Knight10 hours agoElon Musk lashes out at EU over ‘illegal’ free speech dealThe European Commission and Elon Musk’s social media site, X, look set to battle over alleged transparency violations.6341 Total
Former US President Trump no longer anti-Bitcoin, says can ‘live with it’
Prashant Jha13 hours agoFormer US President Trump no longer anti-Bitcoin, says can ‘live with it’Users on X pointed out that Trump’s recent change in tune toward Bitcoin could be just an election-related tactic to
An In-Depth Look at the 5 Most Profitable Bored Ape NFT Traders of All Time
An In-Depth Look at the 5 Most Profitable Bored Ape NFT Traders of All Time Non-fungible tokens (NFTs) have been extremely popular during the last two years and in recent times, sp
2 Cryptocurrency Companies Purchased Ad Slots for 2022’s Super Bowl
2 Cryptocurrency Companies Purchased Ad Slots for 2022"s Super Bowl On Wednesday, the Singapore-based digital currency exchange Crypto.com told the press that the firm purchased a
CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and Territories
CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and TerritoriesLONDON, the United Kingdom– CEX.IO, one of the largest international exchanges in
Crypto hack losses hit $19B, Terraform Labs shuts down: Finance Redefined
Prashant Jha4 hours agoCrypto hack losses hit $19B, Terraform Labs shuts down: Finance RedefinedNearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen in the
Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin’s New All-Time High Expected
Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin"s New All-Time High ExpectedWarren Buffett has made another major investment shift, one that reduces Berkshire Hath
Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon
Financial Bazookas Revealed - Market Strategists Believe the Fed Will Purchase Stocks Soon Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by
Analyst Says Bitcoin Price Could Retest Substantially Below $100,000 If This Level Fails
Este artículo también está disponible en español. Bitcoin’s recent rise above $100,000 has kept the market on edge as bullish momentum attempts to establish a new l
Elon Musk: Twitter No Longer in Fast Lane to Bankruptcy
Elon Musk: Twitter No Longer in Fast Lane to Bankruptcy Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to ba
Dolce & Gabbana faces class-action lawsuit after alleged NFT delivery delay
Tristan Greene7 hours agoDolce & Gabbana faces class-action lawsuit after alleged NFT delivery delayThe suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value.738 Total views8 Total sha
Don’t Invest in Bitcoin Code, Bitcoin Doubler or Bitcoin Trader – They Are All Scams
Don’t Invest in Bitcoin Code, Bitcoin Doubler or Bitcoin Trader – They Are All Scams Those new to crypto and with money signs in their eyes can easily be taken in by scams, a