Business analytics software provider MicroStrategy acquired an additional 1,914 BTC for about $ 94.2 million. The average purchase price was ~ $ 49,229, said CEO Michael Sailor.
MicroStrategy has purchased an additional 1,914 bitcoins for ~ $ 94.2 million in cash at an average price of ~ $ 49,229 per #bitcoin… As of 12/29/21 we #hodl ~ 124,391 bitcoins acquired for ~ $ 3.75 billion at an average price of ~ $ 30,159 per bitcoin. $ MSTRhttps://t.co/tNxDwaT8VD
– Michael Saylor⚡️ (@saylor) December 30, 2021
According to the report, the deals were carried out from December 9 to December 29.
At the time of writing, MicroStrategy holds 124,391 BTC worth over $ 5.9 billion at current exchange rates. The firm spent a total of ~ $ 3.75 billion on their purchase (the average price is $ 30,159).
MicroStrategy was the first publicly traded company to invest its equity capital in digital gold. In August 2020, the supplier acquired 21,454 BTC (~ $ 250 million at the exchange rate at the time of the transaction).
MicroStrategy continued to build up its cryptocurrency reserves in line with the strategy approved by the board of directors.
Since December 2020, the company began to use not only equity capital, but also debt financing to buy bitcoin by placing convertible bonds in the amount of $ 650 million.
In February 2021, MicroStrategy issued a new tranche for more than $ 1 billion and again invested the funds raised in cryptocurrency.
Throughout the year, the firm continued to invest in bitcoin. The largest purchases were 13,005 BTC for $ 489 million in July and 7,002 BTC for $ 414.4 million at the end of November.
In early December, MicroStrategy announced the acquisition of 1,434 BTC for about $ 82.4 million.
Recall that Michael Sailor personally owns approximately 17,732 BTC (~ $ 842 million). The head of the company said that he never sold the acquired cryptocurrency.