MicroStrategy Buys More Bitcoins

December 9, 2021

Darko Simunovski

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Another shopping for Michael Saylor’s MicroStrategy, additionally they spend $82M on Bitcoin. Now their holdings are valued more than $5.9 billion. Their latest shopping was approximately 1,434 Bitcoins for about $82.4 million, including fees and expenses, at price of $57,477 per Bitcoin. Since the company’s initial purchase in August 2020 they have more than $2.2 billion in profits.

As of December 8, 2021, the Company held approximately 122,478 bitcoins that were acquired at an aggregate purchase price of $3.66 billion, and an average purchase price of approximately $29,861 per bitcoin, inclusive of fees and expenses.

Michael Saylor has been into the spotlight since his company first bought Bitcoin in August last year. Since then, MicroStrategy’s Bitcoin purchases have become the norm. Only 10 days ago, MicroStrategy announced the purchase of over 7,000 Bitcoin between the period of 1st of October till end of November.

fear/greed index

The price of Bitcoin is $47,817 at the time of writing, having fallen more than 30% since 29 days ago when Bitcoin price was at ATH $68,902 on November 10th 2021. Fear and greed index shows that it is possible downtrend on Bitcoin price this month.

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