MicroStrategy, a provider of analytical software for business, additionally acquired 1914 Bitcoin (BTC) for about $94.2 million. Thus, the average purchase price was ~$49,229 said CEO of the firm Michael Saylor.
According to the report, the transactions took place in the period from December 9 to December 29.
At the time of writing, MicroStrategy holds 124,391 BTC worth more than $5.9 billion on its balance sheet at the current exchange rate. Moreover, the firm spent a total of ~$3.75 billion on its purchase (the average price is $30,159).
The first public company to invest part of its own capital in digital gold
MicroStrategy was the first public company to invest part of its own capital in digital gold. In August 2020, the supplier acquired 21,454 BTC (~$250 million at the exchange rate at the time of the transaction).
Furthermore, the firm continued to increase reserves in cryptocurrency according to the strategy approved by the Board of Directors. Since December 2020, the company has started using not only its own capital; but also debt financing to buy Bitcoin, placing convertible bonds in the amount of $650 million.
In February 2021, MicroStrategy issued a new tranche of more than $1 billion and again invested the funds raised in cryptocurrency.
Michael Saylor personally owns approximately 17,732 BTC
In early December, MicroStrategy announced the acquisition of 1,434 BTC worth about $82.4 million. According to the report, the average purchase price was approximately $57,477. Transactions took place between November 29 and December 8, 2021.
According to The Information, Michael Saylor personally owns approximately 17,732 BTC (~$842 million). The head of the company stated that he had never sold the purchased cryptocurrency.