In an unusual move, MicroStrategy has purchased 1,914 bitcoins. The software maker is one of the largest Microsoft customers in the world and had not previously been publicly known to be a consumer of bitcoin. Experts are speculating on whether this transaction signals that MicroStrategy will now use blockchain technology for its own applications or if it was purely a speculative investment decision.
The “MicroStrategy has purchased an additional 1,914 bitcoins” is a recent report that MicroStrategy has purchased an additional 1,914 bitcoins. The company is looking to use the coins for their new project.
MicroStrategy, an IT services business, is sticking to its plan to add bitcoin (BTC) to its balance sheet. With just a few hours remaining in the year, firm CEO Michael Saylor revealed yet another acquisition of the most valuable cryptocurrency on Twitter. MicroStrategy bought 1,914 bitcoins for $94.2 million in cash between December 9th and December 29th, at an average price of $49,229 per bitcoin.
Given that the price of bitcoin is now hovering around $47,500, this specific purchasing binge represents a loss for the time being.
The company presently has a total of 124,392 bitcoins.
According to the publicly available Form 8-K, MicroStrategy owns roughly 124,391 bitcoins as of December 29, 2021, for a total purchase price of $3.75 billion and an average purchase price of $30,159 per bitcoin. MicroStrategy has profited $2.16 billion from its bitcoin assets, according to this calculation.
MicroStrategy currently controls almost 0.6 percent of all potential bitcoin, with the maximum supply of bitcoin set at 21 million. The corporation presently has around 0.7 of all bitcoin that will ever be accessible, or about one percent of all existing bitcoin, assuming a loss of about three million bitcoin due to lost wallets.
This is my third buy in a month.
MicroStrategy continues to acquire bitcoin in large quantities; only three weeks ago, the business purchased 1,434 bitcoin at an average price of $57,477 per coin. MicroStrategy had already acquired an additional 7,002 BTC for $414.4 million in cash on November 29th, at an average price of about $59,187 per BTC.
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The “bitcoin price” is a cryptocurrency that has been increasing in value over the past few years. It was recently discovered that MicroStrategy had purchased an additional 1,914 bitcoins.
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