Microstrategy buys 660 more bitcoins-total stocks increase on 125,051 BTC-Selected Bitcoin messages

Microstrategy bought another 660 bitcoins for ~ $ 25.0 million in cash at an average price of ~ 37,865 dollars per Bitcoin. On January 31, 2002 we hoard ~ 125,051 bitcoins, which were acquired for $ 3.78 billion at an average price of ~ $ 30,200 per Bitcoin.

According to the submission of the company at the US Securities and Exchange Commission (SEC), the purchase was made in the period between December 30, 2021 and January 31, 2022.

At the time of writing this article, the price of Bitcoin is $ 39,121.89, based on data from Bitcoin.com Markets. It has risen by almost 2 % in the last 24 hours, 6.4 % in the last 7 days, but has dropped by 18 % in the last 30 days.

The Chief Financial Officer from Microstrategy, Phong LE, said last week:

Our strategy with Bitcoin was to buy and keep. So as far as we have excess cash flows or find other ways to get money, we are still in Bitcoin.

Last week, the SEC published its letters to Microstrategy on the accounting of Bitcoin by the company. "We reject your adaptation for Bitcoin value reductions in your non-GAAP-compliant measures," wrote the securities supervisory authority in a letter dated December 3. The SEC then asked Microstrategy to revise the way it reveals its Bitcoin stocks in future submissions.

What do you think that Microstrategy buys more bitcoins? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

Bedy verification : Shutterstock, Pixabay, Wikicommons