Nasdaq-listed Microstrategy has purchased 660 extra bitcoins at a median worth of $37,865 per coin, bringing the entire crypto holdings of the corporate to 125,051 bitcoins. “Our technique with bitcoin has been to purchase and maintain, so to the extent now we have extra money flows or we discover different methods to lift cash, we proceed to place it into bitcoin.”
Microstrategy Provides 660 Bitcoins to Its Treasury
The Nasdaq-listed software program firm Microstrategy has purchased the dip once more. CEO Michael Saylor tweeted Tuesday:
Microstrategy has bought an extra 660 bitcoins for ~$25.zero million in money at a median worth of ~$37,865 per bitcoin. As of 1/31/22 we hodl ~125,051 bitcoins acquired for ~$3.78 billion at a median worth of ~$30,200 per bitcoin.
In accordance with the corporate’s submitting with the U.S. Securities and Trade Fee (SEC), the acquisition was made throughout the interval between Dec. 30, 2021, and Jan. 31, 2022.
On the time of writing, the worth of bitcoin is $39,121.89 primarily based on information from Bitcoin.com Markets. It’s up nearly 2% inside the previous 24 hours, 6.4% within the final 7 days, however down 18% over the previous 30 days.
Microstrategy’s chief monetary officer, Phong Le, mentioned final week:
Our technique with bitcoin has been to purchase and maintain, so to the extent now we have extra money flows or we discover different methods to lift cash, we proceed to place it into bitcoin.
Final week, the SEC made public its letters to Microstrategy in regards to the firm’s accounting of bitcoin. “We object to your adjustment for bitcoin impairment prices in your non-GAAP measures,” the securities regulator wrote in a Dec. Three letter. The SEC then informed Microstrategy to revise the best way it discloses its bitcoin holdings in future filings.
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