Michael Saylor’s MicroStrategy Parks $56 Million In Bitcoin

Michael Saylor’s MicroStrategy Parks $56 Million In Bitcoin

Summary:

  • MicroStrategy purchased approximately 2,395 BTC in between November 1 and December 21, 2022.
  • The company likewise acquired another 810 BTC for $11.6 million on December 24.
  • Saylor’s business invested around $42.8 million boosting its Bitcoin holdings to about 135,000 BTC worth around $2.2 billion at press time.
  • Microstrategy likewise offered BTC for the very first time, unloading some 704 coins for $11.8 million according to the SEC filing.

Software application designer MicroStrategy purchased more Bitcoin with about $42.8 million in money, per a filing with the Securities and Exchange Commission.

According to the filing, Michael Saylor’s business scooped 2.395 BTC in between November 1 and December 21, 2022. The huge buy was released through MacroStrategy, a subsidiary of Saylor’s innovation giant.

Saylor utilized MacroStrategy to protect a $205 million loan for additional Bitcoin financial investments, as reported by EthereumWorldNews in March 2022. The business bagged 4,167 BTC soon after protecting the loan from Silvergate.

MicroStrategy Buys More Bitcoin

Saylor’s firm gotten 2.395 BTC for a typical rate of $17,7821 per BTC, per the SEC filing. The software application heavyweight likewise purchased more Bitcoin on December 24, 2022 with approximately $13.6 million in money. Per the filing, MicroStrategy purchased some 810 BTC at a typical cost of $16,845 per Bitcoin through its subsidiary MacroStrategy.

MicroStrategy’s overall BTC holdings grew to about 135,000 Bitcoin after the company released around $56.4 million in overall in between November 1 and December 24, 2022 per the filing.

Saylor’s Firm Sold BTC For The First Time

The company apparently offered 704 BTC for $11.8 million on December 22, 2022, in a quote to get approved for a tax advantage, stated the SEC file. Significantly, the sale marked the very first time Saylor’s company offered Bitcoin. MicroStrategy supposedly made its very first BTC purchase in the summertime of 2020.

Bitcoin traded at $16,656 on Wednesday after the leading crypto dropped over 60% from its all-time high in November 2021.

Michael Saylor's MicroStrategy Parks $56 Million In Bitcoin 11
BTC/USDT by TradingView

Find out more