Business analytics software provider MicroStrategy additionally bought 660 BTC worth about $25 million, with an average purchase price of ~$37,865, CEO Michael Saylor said.

The transactions took place between December 30, 2021 and January 31, 2022. In total, MicroStrategy owns 125,051 BTC worth ~$4.8 billion at current exchange rates.

The firm spent about $3.78 billion (average price of $30,200) to buy them. MicroStrategy was the first publicly traded company to invest some of its equity in digital gold.

In August 2020, the vendor purchased 21,454 BTC (~$250 million at the exchange rate at the time of the transaction). MicroStrategy continued to build up reserves in the cryptocurrency according to its board-approved strategy. Starting in December 2020, the company began using not only equity but also debt financing to buy bitcoin, placing $650 million in convertible bonds.

In February 2021, MicroStrategy issued a new tranche of more than $1 billion and again invested the raised funds in the cryptocurrency. Throughout the year, the firm continued to invest in bitcoin. The largest purchases were 13,005 BTC for $489 million in July and 7,002 BTC for $414.4 million in late November.

In December, MicroStrategy reported the acquisition of 1,434 BTC and 1,914 BTC. Recall that in early 2022, Saylor reiterated a commitment to a strategy to buy and hold bitcoin despite the market correction. This position was later supported by the company’s CFO Fong Le.