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Bitcoin »MicroStrategy now has 122,478 BTC

MicroStrategy buys $ 82 million worth of Bitcoin and now owns 122,478 BTC

MicroStrategy’s Bitcoin holdings are valued at more than $ 5.9 billion, representing more than $ 2.2 billion in profit since its initial purchase in August 2020.

Business intelligence firm MicroStrategy added 1,434 Bitcoin to its vaults after purchasing the asset at an average price of $ 57,477 USD.

MicroStrategy bought 1,434 Bitcoin (BTC) between November 29 and December 8 for approximately $ 82.4 million, according to a document filed Thursday with the Securities and Exchange Commission, bringing its total holdings to 122,478 BTC. With the recent purchase, MicroStrategy’s holdings are valued at more than $ 5.9 billion, representing more than $ 2.2 billion in profit.

Since making its initial $ 250 million investment in Bitcoin in August 2020, MicroStrategy has purchased billions of dollars in Bitcoin through separate purchases using company cash in addition to the sale of convertible senior tickets through of private offers to institutional buyers. While there are cases where the business intelligence firm bought, some purchases followed the price spikes in early 2021, when the price of BTC was above $ 50,000 USD.

According to data from Cointelegraph Markets Pro, the price of Bitcoin is $ 48,684 at press time, having fallen more than 25% in the last 30 days. The crypto asset has hovered around $ 50,000 since it fell to $ 42,000 on Friday.

Par Turner Wright, Cointelegraph

Turner Wright has been a freelance writer and writer for various publications over the past decade and you can usually find him somewhere abroad. Inspired by a combination of nerves, green tea and dark chocolate.

The opinions expressed here are solely those of the author and do not necessarily reflect the views of Forex Quebec. Every investment and business move carries risk, you need to do your own research when making a decision.

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Disclaimer: The information and opinions contained in this report are provided for general information only and do not constitute an offer or solicitation with respect to the purchase or sale of currency exchange contracts, CFDs and cryptocurrencies. Although the information contained in this document has been taken from sources considered reliable, the author does not guarantee its accuracy or completeness, and does not assume responsibility for any direct, indirect or consequential damages that may result from the fact that someone trusts such information.

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