IT-services company MicroStrategy continues its strategy to add bitcoin (BTC) to its balance sheet. With just hours left of the year, the company CEO Michael Saylor announced on Twitter yet another purchase of the leading cryptocurrency by market cap. This time, MicroStrategy purchased 1,914 BTC during the period between December 9th and December 29th for approximately $94.2 million in cash, at an average price of approximately $49,229 per bitcoin.
Given that the price of bitcoin hovers around $47,500 at the time of writing, this particular buying spree comes at a loss for the time being.
According to the published Form 8-K, as of the 29th of December 2021, MicroStrategy holds approximately 124,391 bitcoins that were acquired at an aggregate purchase price of $3.75 billion and an average purchase price of approximately $30,159 per bitcoin. This means MicroStrategy has made approximately $2.16 billion off its bitcoin holdings.