JAKARTA - Business intelligence firm MicroStrategy has added 1,434 Bitcoins to their coffers after buying crypto assets for an average price of US$57,477 (Rp 825 million).
According to a Thursday, December 9 filing, with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BTC) between November 29 and December 8 for approximately $82.4 million, bringing its total holdings to 122,478 BTC. With the recent purchase, MicroStrategy's holdings are worth more than US$5.9 billion (Rp 84.7 trillion), and already have a profit of more than US$ 2.2 billion (Rp 31.6 trillion).
Since making an initial $250 million Bitcoin investment in August 2020, MicroStrategy has purchased billions of dollars in Bitcoin in separate purchases using company cash in addition to selling senior notes convertible in private offerings to institutional buyers.
MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price of ~$57,477 per #bitcoin. As of 12/9/21 we #hodl ~122.478 bitcoins acquired for ~$3.66 billion at an average price of ~$29,861 per bitcoin. $MSTRhttps://t.co/Xke8QhoYpy
— Michael Saylor⚡️ (@saylor) December 9, 2021
While there have been cases where this business intelligence firm has experienced dip buying, some of the buying follows a price spike in early 2021 when the BTC price was over 50,000 US dollars.
According to data from Cointelegraph Markets Pro, the Bitcoin price was 48,684 at the time of this publication. This value has fallen by more than 25% in the last 30 days. The crypto asset itself has hovered close to US$50,000 since dropping to as low as US$42,000 on Friday, December 3.
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