MicroStrategy Reaches $6B in Digital Assets After 2K BTC Purchase

MicroStrategy Reaches $6B in Digital Assets After 2K BTC Purchase

Business intelligence company MicroStrategy managed to gather a total of almost $6 billion in cryptocurrency.

The platform has previously made headlines with its purchases of about $250M worth of Bitcoin. Up to this point, MicroStrategy bought about $4B worth of BTC, reaching an overall $5.9B in digital assets. 

According to a report by MicroStrategy from the US Securities and Exchange Commission, the company purchased 1,914 BTC in under a month (between December 9th to December 30th). 

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The purchase, based on the report, amounted to $94.2M with an approximate value of $49,229 for each coin with fees included. Currently, the total amount of Bitcoin held by the company is about 124,391.

MicroStrategy didn’t always buy BTC when the prices dipped. At certain times, the company bought Bitcoin when it was over $50K. However, December seemed to be the perfect time to buy more for the business firm, with Bitcoin being down by 20%.

At the moment of writing this article, the price of Bitcoin sits at an average price of $47,501.44 with a dip of around 1% over the last 24 hours.

Dom Z. - Crypto Analyst

by Dom Z. - Crypto Analyst, BitDegree


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