{"id":15916,"date":"2022-12-28T17:48:03","date_gmt":"2022-12-28T17:48:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-buys-another-56-4-million-worth-of-bitcoin\/"},"modified":"2022-12-28T17:48:03","modified_gmt":"2022-12-28T17:48:03","slug":"microstrategy-buys-another-56-4-million-worth-of-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-buys-another-56-4-million-worth-of-bitcoin\/","title":{"rendered":"MicroStrategy buys another $56.4 million worth of Bitcoin"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672246213516-87253072-e64d-494f-9908-22c63c7d69f7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672246213516-87253072-e64d-494f-9908-22c63c7d69f7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672246213516-87253072-e64d-494f-9908-22c63c7d69f7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672246213516-87253072-e64d-494f-9908-22c63c7d69f7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<ul>\n<li dir=\"ltr\"><em><strong>MicroStrategy reportedly bought approximately 2,500 BTC between 1 November and 24 December, 2022.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><em><strong>The company now holds 132,500 BTC acquired for approximately $4.03 billion.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><strong><em>MicroStrategy did however sell 704 BTC for $11.8 million on 22 December for what it termed as tax benefits.<\/em><\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\">MicroStrategy, a publicly traded company that\u2019s the world\u2019s largest corporate holder of <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a>, has reported buying more of the flagship cryptocurrency even as the market hit turbulence beginning early November.<\/p>\n<p dir=\"ltr\">As per the <a href=\"https:\/\/www.microstrategy.com\/content\/dam\/website-assets\/collateral\/financial-documents\/financial-document-archive\/form-8-k-12-28-2022.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">filing<\/a> submitted on 28 December to the US Securities and Exchange Commission (SEC), MicroStrategy says it purchased an additional 2,500 bitcoins between 1 November and 24 December, 2022.\u00a0<\/p>\n<p dir=\"ltr\">Altogether, the software analytics and business intelligence firm purchased Bitcoin worth approximately $56.4 million in nearly two months and $4.03 billion in total.<\/p>\n<h2 dir=\"ltr\">MicroStrategy now holds 132, 500 bitcoins<\/h2>\n<p dir=\"ltr\">As crypto navigated the turmoil caused by FTX\u2019s collapse that had crypto price tapping new multi-year lows, MicroStrategy saw an opportunity to <a href=\"https:\/\/coinjournal.net\/bitcoin\/buy\/\">buy Bitcoin<\/a>. In short, the company added 2,395 bitcoins worth $42.8 million to its holdings between 1 November and 21 December, 2022.<\/p>\n<p dir=\"ltr\">The total BTC acquisition in this period cost the firm $42.8 million at an average purchase price of $17,871 per coin.<\/p>\n<p dir=\"ltr\">On 22 December, 2022, MicroStrategy sold 704 bitcoins for $11.8 million. According to the company, the sale was at an average price of $16,776 per coin. Although the sale was at a loss, the company plans to offset the capital losses against capital gains made earlier.<\/p>\n<p dir=\"ltr\">Despite the BTC sale, MicroStrategy went to the market again on 24 December 2022. It bought another 810 bitcoins at an average price of $16,845 and for a total outlay of $13.6 million. By 27 December 2022, the company had added 2,500 bitcoins at a total cost of $56.4 million.\u00a0<\/p>\n<p dir=\"ltr\">As of this report, MicroStrategy had increased its Bitcoin holdings from 130,000 BTC at the end of October to 132,500 bitcoins by 27 December, 2022.<\/p>\n<p dir=\"ltr\">The recent purchases means MicroStrategy has spent $4.03 billion on acquiring BTC since its first purchase in 2020. The coins\u2019 average purchase price currently stands at $30,397 per bitcoin.\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/microstrategy-buys-another-2500-btc-to-bring-total-to-132500\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) MicroStrategy reportedly bought approximately 2,500 BTC between 1 November and 24 December, 2022. The company now holds 132,500 BTC acquired for approximately $4.03 billion. MicroStrategy did however sell 704 BTC for $11.8 million on 22 December for what it termed as tax benefits. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15916"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=15916"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/15917"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=15916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=15916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=15916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}