Microstrategy Quietly Spends $37 Million in January to Acquire 850 Bitcoins

Microstrategy Quietly Spends $37 Million in January to Acquire 850 Bitcoins

Microstrategy Quietly Spends $37 Million in January to Acquire 850 Bitcoins

Microstrategy, a US-listed company specializing in Bitcoin investment, announced today the financial report for the fourth quarter of 2023. According to the report, the company quietly invested an additional $37 million in January to acquire 850 bitcoins. As of February 5th, they held a total of 190,000 bitcoins with an average purchase price of $31,224.

In comparison, within the three months ending on December 31st, 2023, Microstrategy issued and sold 2,266,503 Class A common stocks according to its market stock issuance plan, generating a net income of approximately $1.2 billion. As per the market stock issuance plan, the company still has approximately $137.8 million worth of Class A common stocks available for issuance and sale.