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• MicroStrategy reportedly purchased roughly 2,500 BTC between 1 November and 24 December, 2022.
• The firm now holds 132,500 BTC acquired for roughly $4.03 billion.
• MicroStrategy did nonetheless promote 704 BTC for $11.8 million on 22 December for what it termed as tax advantages.

MicroStrategy, a publicly traded firm that’s the world’s largest company holder of Bitcoin, has reported shopping for extra of the flagship cryptocurrency even because the market hit turbulence starting early November.

As per the filing submitted on 28 December to the US Securities and Exchange Commission (SEC), MicroStrategy says it bought an extra 2,500 bitcoins between 1 November and 24 December, 2022. 

Altogether, the software program analytics and enterprise intelligence agency bought Bitcoin worth roughly $56.4 million in almost two months and $4.03 billion in complete.

MicroStrategy now holds 132, 500 bitcoins

As crypto navigated the turmoil brought on by FTX’s collapse that had crypto worth tapping new multi-year lows, MicroStrategy noticed a chance to buy Bitcoin. In quick, the corporate added 2,395 bitcoins worth $42.8 million to its holdings between 1 November and 21 December, 2022.

The complete BTC acquisition on this interval value the agency $42.8 million at a median buy worth of $17,871 per coin.

On 22 December, 2022, MicroStrategy offered 704 bitcoins for $11.8 million. According to the corporate, the sale was at a median worth of $16,776 per coin. Although the sale was at a loss, the corporate plans to offset the capital losses in opposition to capital good points made earlier.

Despite the BTC sale, MicroStrategy went to the market once more on 24 December 2022. It purchased another 810 bitcoins at a median worth of $16,845 and for a complete outlay of $13.6 million. By 27 December 2022, the corporate had added 2,500 bitcoins at a complete value of $56.4 million. 

As of this report, MicroStrategy had elevated its Bitcoin holdings from 130,000 BTC on the finish of October to 132,500 bitcoins by 27 December, 2022.

The current purchases means MicroStrategy has spent $4.03 billion on buying BTC since its first buy in 2020. The cash’ common buy worth at the moment stands at $30,397 per bitcoin.