MicroStrategy acquired 850 bitcoins for $37.2 million in January.
MicroStrategy said it purchased an additional 850 bitcoins in January for $37.2 million. by post says Michael Saylor, company founder and chairman.
He also said in a message posted on social media platform X that the company currently holds a total of 190,000 bitcoins. Saylor also announced that MicroStrategy will discuss its fourth quarter financial results on Tuesday.
The prices of the most popular cryptocurrencies by market capitalization seemed to see-saw throughout January due to the launch of several spot Bitcoin ETFs. At one point, the price of Bitcoin reached nearly $49,000, according to The Block’s price page. As of 4:28 PM ET on Tuesday, Bitcoin is trading at $43,156.
Last November, MicroStrategy said it could raise up to $750 million through the sale of new Class A common stock. By the end of December, the company had sold 1 million shares for $610 million.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal, writing about Disney, Netflix, Warner Bros. and the creator economy, focusing primarily on technological disruption across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a variety of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.
