MicroStrategy (NASDAQ: MSTR), the world’s leading enterprise analytics firm and the public company with the largest holdings of Bitcoin (BTC/USD), is not done buying the cryptocurrency.
While the market has teetered on the verge of a major sell-off as prices oscillate at critical support levels amid crypto contagion, MicroStrategy appears to have tapped into the dip to buy low. According to the latest filing with the US Securities and Exchange Commission (SEC), MicroStrategy added approximately $56.4 million worth of Bitcoin in November and December.
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MicroStrategy adds 2,500 bitcoins
Per the SEC filing, the company bought 2,395 bitcoins for $42.8 million between 1 November, 2022 and 21 December, 2022. The haul was acquired at an average purchase price of $17,871 per BTC. Although the business intelligence software provider did offload 704 bitcoins for $11.8 million on 22 December, 2022 at an average sale price of $16,776, it wasn’t done buying in 2022 yet.
On Christmas Eve, MicroStrategy again added to its Bitcoin haul – this time acquiring roughly 810 bitcoins at $13.6 million. The purchase was made in cash, with the average price of each BTC at the time being $16,845.
With these transactions, MicroStrategy added a net 2,500 bitcoins to its holdings in the two months starting 1 November. MicroStrategy founder and executive chairman Michael Saylor shared the news on Twitter.
As Invezz previously reported, MicroStrategy bought another 301 bitcoins in September, with the company’s holdings rising to approximately 130,000 BTC as of 31 October, 2022. After the latest purchases, the total haul has increased to about 132,500 BTC as of 27 December, 2022.
Altogether, the company has bought $4.03 billion worth of BTC at an average buy price of $30,397.