• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Monday, September 25, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

MicroStrategy spent $25M to acquire 660 Bitcoins during January market crash

News
by Damien Martin
2 February 2022
MicroStrategy spent $25M to acquire 660 Bitcoins during January market crash

Source: Unsplash

Share on FacebookShare on Twitter

Business intelligence firm MicroStrategy has made yet another big investment in Bitcoin after the currency barely held above $30,000 levels during the latest cryptocurrency market crash.

The firm announced the investment in a statement issued Tuesday where it revealed it had purchased approximately 660 bitcoins for roughly $25.0 million during the period between December 30, 2021, and January 31, 2022.

Per the statement, MicroStrategy acquired the bitcoins at an average purchase price of $30,200 per bitcoin. “As of January 31, 2022, the Company held approximately 125,051 bitcoins that were acquired at an aggregate purchase price of $3.78 billion,” the firm has revealed.

While $25 million may seem like a significant amount, MicroStrategy has invested capital in Bitcoin far more than the current purchase. In December 2021 alone, the company purchased some 1,914 Bitcoins at an average purchase price of $49,229 per Bitcoin. Before this, MicroStrategy bought 1,434 BTC between November 29 and December 8 last year.

The news came even as the company reported a loss of $146.6 million in Bitcoin impairment charges. According to the fourth quarter financial results posted Tuesday, the losses were added to MicroStrategy’s operating expenses,

Previous Post

Tom Brady retires from NFL, to focus on new NFT startup Autograph

Next Post

Cardano foresees 11% increase in block size after latest proposal

Damien Martin

Damien Martin

Damien has a rich history in the fintech and business reporting world. He is currently working at OBN to cover the most important news from the blockchain industry.

Related Posts

Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan

Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan

by Damien Martin
25 July 2023

Dogecoin (DOGE) rose for a second straight day on speculation that the memecoin will play a bigger role in the...

“Bitcoin / Web3 is necessary in the world” Hiroyuki × Yuzo Kano WebX special dialogue decision

Hiroyuki x Yuzo Kano Special Talk Report “Does Bitcoin/Web3 Need in the World?” | WebX Conference

by Kurt Ebenzer
25 July 2023

Focus on building emerging technologies Web3 and Bitcoin are said to be one of the hottest topics in the world,...

U.S. SEC Chairman Requests 10 Billion Yen Budget Increase, Including Support for Virtual Currency

US District Court Announces Date in Coinbase v. SEC Case

by Kurt Ebenzer
25 July 2023

Provide due dates for petitions and legal advice letters U.S. District Judge Catherine Polka Faira announced the upcoming schedule for...

No Result
View All Result

Recent Posts

  • Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan
  • Hiroyuki x Yuzo Kano Special Talk Report “Does Bitcoin/Web3 Need in the World?” | WebX Conference
  • US District Court Announces Date in Coinbase v. SEC Case
  • U.S. Ripple’s CTO highly evaluates the potential of real asset tokenization | WebX Conference
  • HashPort Group concludes basic agreement with KDDI to consider comprehensive collaboration in 3 Web areas | CoinDesk JAPAN | Coin Desk Japan
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News