Microstrategy, a major investor in Bitcoin, has acquired an additional 660 BTC today, Tuesday, 1 Feb 2022.
Buying the crypto winter Dip.
Michael Saylor, Microstrategy CEO, in a tweet on Tuesday, revealed that Microstrategy has bought an additional 660 BTC which sums up to approximately $25 million.
He also added that each BTC was purchased at an average price of about $37,865. This purchase was made during the BTC market dip.
This is coming after the company held their Bitcoin lot worth $3.78 billion during crypto winter. The lot was purchased at an average price of $30,200 for each bitcoin.
“MicroStrategy has purchased an additional 660 bitcoins for ~25.0 million in cash at an average price of ~$37,865 per #bitcoin. As of 1/31/22 we #hodl ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin.$MSTR.” Michael tweeted.
Microstrategy’s Bitcoin Hodl
MicroStrategy made bigger purchases of Bitcoin last year. The company acquired 1,434 BTC between Nov.29 and Dec.9 at an average price of $57,477 per BTC.
The company also purchased 1,914 BTC between Dec.9 and Dec.29 at an average price of $49,299 for each BTC. They also made other purchases within last year.