MicroStrategy CEO Michael Saylor today announced that his firm has purchased an additional 660 bitcoins for ~$25.0 million in cash today. MicroStrategy bought these Bitcoin at an average price of ~$37,865 per bitcoin. With this purchase MicroStrategy now holds over 0.5% of total Bitcoin in circulation worth $4.6 Billion.
MicroStrategy Playing The Long Term Game; Over $1 B in Profit
MicroStrategy is now nearly $1 Billion in profit over their $3.78 Billion purchase of Bitcoin so far. The value of the 125,051 Bitcoin owned by the firm at current Bitcoin price of $38,000 is nearly $4.6 Billion.
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. $MSTRhttps://t.co/bF6VImC0Qy
— Michael Saylor?? (@saylor) February 1, 2022
MicroStrategy has bought almost every dip on Bitcoin and their current avg. buy price stands at $30,200/BTC. Bitcoin and crypto market is currently facing a tough market situation with Bitcoin recently dropping to $32,500 mark. Meanwhile, BTC price has recovered from this recent bloodbath and currently stands at $38,500 at the time of writing.
Is The Bottom In For Bitcoin?
Bitcoin Price has regained almost 5% in last 24 hrs indicating that $32,500 was a local bottom. The next important milestone for Bitcoin price is successful reclaim of $44k.
- Trending
- Price Analysis
- Breaking: MicroStrategy ($MSTR) Buys Another 660 Bitcoins; Over $1 Billion Profit in Bitcoin So Far
- Just-In: Crypto Becomes Legal In India, Here’s All You Need To Know
- SOL Surges 17% After Coinbase Lists Solana-Based Project Tokens for First Time
- Breaking: India Announces 30% Tax on Crypto Profits, the Highest Tax Band In the Country
- India’s Finance Minister Says CBDC Digital Rupee Could Be Coming By FY 2022-2023
- India plans crypto training session, leaves out bill banning digital assets
- $750 Million In Bitcoin (BTC) Stolen From the 2016 Bitfinex Hack Is On the Move
- Litecoin Releases the Mimblewimble Extension Block Upgrade, LTC Up 5%
- Solana’s Phantom Wallet Raked In $109 million From Its Series B Funding
- Crypto exchange FTX hits $32B valuations despite bear market fears: CNBC
- Solana Creeps Higher, Looks To Revisit January Highs AT $177.0
- Ethereum Price Analysis: Fibonacci Retracement level 0.618 Triggers Recovery Rally In ETH Coin
- BTC Price Analysis: Death Crossover Brings Nightmares On Satoshi Street; Is This A Buying Opportunity?
- Bitcoin Death Cross Haunting Investors, Will BTC Make or Break?
- DOGE Price Analysis: Highly Influential Bearish Trendline Undermines Bullish Attempts; Buy, Sell Or Hold?
- Terra Price Analysis: Will LUNA Price Bounce Back at 0.382 Fibonacci Retracement?
- SAND Price Analysis: Sandbox Price Losses 50% Retracement Level, Good Time to Buy?
- LINK Price Analysis: Chainlink price reclaims 200-day EMA, Emerging trendline Suggests More Upward Price Movement
- Harmony Price Analysis: Rising Parallel Pattern Could Lead 30% Growth In $ONE Price
- Ripple Price Analysis: XRP Bears Struggle To Breach $0.7 Support Zone, Is A Reversal Next Move?