MicroStrategy now owns over 125,000 bitcoin

English Feb 3, 2022

MicroStrategy, the software company run by Michael Saylor, one of Bitcoin's most influential advocates, has made another multimillion purchase.

The company added 660 Bitcoins to its holdings for around $25 million in cash during the cryptocurrency’s latest price drop, with an average price of $37,865 per Bitcoin.

MicroStrategy now holds 125,051 BTC purchased for a total value of $3.78 billion, putting the average cost of each bitcoin at around $30,200.

MicroStrategy's relentless bitcoin accumulation strategy has placed it at the top of the list of corporations that have held bitcoin since it began acquiring the cryptocurrency in 2020.

In addition to making purchases for the company he runs, Michael Saylor also personally follows the same accumulation strategy, having stated that he has in his name more than 17,000 bitcoins.

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Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.