MicroStrategy buys 1,914 Bitcoin: now a total of over 6 billion US dollars in crypto

The company now holds just under $ 6 billion. That's $ 2.1 billion in profits since the first crypto purchase in August 2020.

Business intelligence company MicroStrategy has bought Bitcoin ( BTC ) valued at $ 94 million. The company averaged $ 49,229 on this purchase.

MicroStrategy bought 1,914 BTC for $ 94.2 million between December 9 and December 29, according to a report by the U.S. Securities and Exchange Commission on Thursday . The company now owns a total of 124,391 BTC. As of the most recent purchase, the company's bitcoins are valued at roughly $ 5.9 billion, representing a profit of more than $ 2.1 billion.

Since the initial $ 250 million Bitcoin investment in August 2020, MicroStrategy has purchased more than $ 3.7 billion in BTC. In doing so, the company used its cash and sold senior convertibles to institutional buyers to raise funds for these purchases. While there have been cases where the business intelligence firm bought the decline, some purchases also followed after the price rises in early 2021 when the BTC price was over $ 50,000.

Bitcoin fell below $ 46,000 on Thursday and remains volatile just before the New Year. Bitcoin is trading at $ 47,226 at press time, according to data from Cointelegraph Markets Pro, and it's down over 7 percent in the past seven days.

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