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MicroStrategy just spent $94 million to buy another 1,914 bitcoin, and its overall stake is now worth $5.9 billion
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MicroStrategy said Thursday it loaded up on more bitcoin in December, as the cryptocurrency suffered its worst monthly price slump since the spring.
CEO and bitcoin proponent Michael Saylor said in a tweet Thursday that the enterprise-analytics software company he co-foundedpurchased 1,194 bitcoins for $94.2 million in cash, at an average price of $49,229 each.
«As of 12/29/21 we #hodl ~124,391 bitcoins,» he wrote, using shorthand for «hold on for dear life,» a term popular with cryptocurrency and meme stock investors who plan to stick firmly with their investments.
He noted the company acquired those bitcoins for about $3.75 billion. That would indicate MicroStrategy has made more than $2 billion from its investment
Read more on markets.businessinsider.comAbout this in other media
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