MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that’s taken to accumulating bitcoin, said it bought approximately 660bitcoins for around $25 million between Dec. 30, 2021 and Jan. 31, 2022.
- The company paid an average price of $37,865 per bitcoin, it said in a statement.
- Tysons Corner, Virginia-based MicroStrategy now holds a total of 125,051 bitcoins, valued at about $4.8 billion at the current bitcoin price of $38,700.
- Shares of MicroStrategy have fallen around 34% over the last month.
- CEO Michael Saylor has been insistent that the company has no plans to sell its bitcoin holdings and is in for the long-term.
Read more: SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings
UPDATE (Feb. 1, 13: 27 UTC): Corrects date in the lead to Dec. 30, 2021 and Jan. 31, 2022.