MicroStrategy, a Nasdaq-listed business analytics firm, spent $94.2 million in December to buy 1,914 bitcoins, bringing its total bitcoin holdings to nearly $6 billion at current rates.
According to a filing with the US Securities and Exchange Commission (SEC), the business intelligence firm purchased the bitcoins at an average price of $49,229 per bitcoin, indicating that it took advantage of a price decrease below $50,000 in early December.
MicroStrategy stated in the filing that company now has 124,391 BTC worth $5.88 billion. The following is a comes from the filing:
“As of December 29, 2021, the Company held approximately 124,391 bitcoins that were acquired”
“at an aggregate purchase price of $3.75 billion and an average purchase price of approximately $30,159 per bitcoin,”
” inclusive of fees and expenses.”
The report also reveals that despite revealing the purchase of 1,434 bitcoins between November 29. Then, and December 8, the firm continued to buy BTC. MicroStrategy borrowed $400 million through senior secured notes earlier this year to add additional bitcoin to its vault.
The senior secured notes will be accessible to qualified institutional buyers, according to a corporate filing. The company previously raised $550 million from qualified investors in a private placement and used the cash to purchase bitcoin.
MicroStrategy initially invested in bitcoin in August of last year. Of course, when it made a significant $250 million stake as part of its capital allocation plan. At the time, the company purchased 21,454 bitcoins. Then, explains that its choice is by
“factors affecting the economic and business landscape,”.
Lastly, which it believes are posing “long-term threats” to its corporate treasury program.