MicroStrategy Kicks Off 2022 With $25M Bitcoin Buy Today

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  • MicroStrategy bought 660 more bitcoin for $25 million as the price dipped below $40,000 per coin.
  • The software intelligence company now holds over 125,000 BTC in its treasury, bought for $3.78 billion.
  • This is the first announced purchase of the year for the world’s largest corporate holder of bitcoin.

MicroStrategy, the software intelligence company that since 2020 has been accumulating bitcoin nonstop after its CEO Michael Saylor realized the digital currency’s store of value proposition, has made another millionaire purchase as the bitcoin price touches double-digit loss territory from the all-time highs set in November.

MicroStrategy added 660 BTC to its holdings for about $25 million in cash during the latest price dip in the peer-to-peer digital money between December 30 and January 31, averaging $37,865 per bitcoin, the company disclosed in a Form-8K filed with the Securities and Exchange Commission (SEC) on Tuesday.

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