MicroStrategy Sticks to Strategy and Continues to Invest in Bitcoin

MicroStrategy remains committed to buying Bitcoin this year. The company announced this morning an additional purchase of 660 BTC, equivalent to about $25 million in cash, bringing its total holdings of Bitcoin to 125,051 BTC.

In a statement in its 8-K report, MicroStrategy had stated: “On February 1, 2022, MicroStrategy Incorporated (the “Company”) announced that, during the period between December 30, 2021 and January 31, 2022, the Company purchased approximately 660 bitcoins for approximately $25.0 million in cash, at an average price of approximately $37,865 per bitcoin, inclusive of fees and expenses. As of January 31, 2022, the Company held approximately 125,051 bitcoins that were acquired at an aggregate purchase price of $3.78 billion and an average purchase price of approximately $30,200 per bitcoin, inclusive of fees and expenses.n average purchase price of approximately $30,200 per Bitcoin, including fees and expenses.”

CEO Michael Saylor thus remains true to his strategy and continues to rely on Bitcoin. The CEO also states that there are absolutely no plans for MicroStrategy to part with its Bitcoins.

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