Microstrategy increased investments in bitcoin by $25 million in January

Posted 02 February, 2022

The company increased its cryptocurrency reserves to 125 thousand BTC, the value of which is estimated at $4.8 billion.

In January 2022, software developer Microstrategy bought 660 BTC worth $25 million (at an average price of $37.8k per coin). This was announced on Twitter by the CEO of the company Michael Saylor. According to him, at the end of January, Microstrategy owns 125 thousand BTC, the value of which is estimated at $4.8 billion, taking into account the current exchange rate on February 1. The average purchase price of one bitcoin reached $30.2 thousand.

 

Source: Twitter

 

The last time Microstrategy bought bitcoin was at the end of 2021. Then the company announced the purchase of 1.9 thousand BTC for $94 million. The head of Microstrategy, Michael Saylor, is an active supporter of digital assets. He said that bitcoin will become the main store of value of the 21st century and called tightening regulation of mining and crypto trading in China a trillion-dollar mistake.

Microstrategy is the largest cryptocurrency holder among public companies. In second place is the electric car manufacturer Tesla, which holds 43.2 thousand BTC with a total value of over $1.6 billion. In third place is the company of Twitter creator Jack Dorsey Square, which owns 8 thousand BTC ($311 million).

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