MicroStrategy bought an additional 850 Bitcoins in January for $37.2 million, according to to the post Michael Saylor, the company’s founder and chairman.
In a message posted on social media platform X, he also said that the company currently holds a total of 190,000 Bitcoins. Saylor also announced that MicroStrategy plans to discuss its fourth quarter financial results on Tuesday.
The price of the most popular cryptocurrency by market capitalization seesawed throughout January amid the launch of several spot Bitcoin ETFs. According to The Block’s price page, the price of Bitcoin at one point reached nearly $49,000. As of 4:28 pm ET on Tuesday, Bitcoin was trading at $43,156.
MicroStrategy announced in November that 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 that delivers 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. Current financial disclosure information is as follows:
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.