MicroStrategy, one of the largest institutional Bitcoin investors, announced that it had purchased more Bitcoin during the month of January, during which the asset class lost more than 16% of its value.
In typical MicroStrategy fashion, Michael Saylor took to Twitter to announce the acquisition. The firm’s total Bitcoin holdings have now reached 125,051 BTC. Using today’s market price, the dollar figure comes to around $4.8 billion.
MicroStrategy purchased 660 BTC for “approximately $25 million” in cash between December 30, 2021 and January 31, 2022, according to an official form filed with the United States Securities and Exchange Commission (SEC) on Tuesday.
MicroStrategy’s latest Bitcoin purchase is small in comparison to previous BTC purchases. MicroStrategy announced two major BTC purchases in December 2021, purchasing 1,434 BTC from November 29 to December 9 at an average price of $57,477 per BTC and then purchasing 1,914 BTC from December 9 to December 29 at an average price of $49,229 per BTC. Previously, from Oct. 1 to Nov. 29, the company purchased up to 7,002 BTC at an average price of $59,187 per BTC.
As of this writing, Bitcoin is trading at $38,300, down 0.60 percent on the day.