MicroStrategy Accumulates 2,501 Bitcoin in the Bear Market
Microstrategy buys more 2501 Bitcoin Despite slumps in stock price.
MicroStrategy now holds a 132,500 Bitcoin portfolio. the bulls struggle to take control of crypto stocks MSTR, HOOD, and COIN.
The Bitcoin Bull Michael Saylor expressed on Twitter that MicroStrategy increase its Bitcoin holdings the tech company now holds 132,500 Bitcoin acquired for $403 billion at an average price of $30,397
MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk
— Michael Saylor (@saylor) December 28, 2022
MicroStrategy added a net of 2501 Bitcoin to its portfolio the company first accumulated 2,395 Bitcoin from Nov to Dec for around $42.8 million the firm bought Bitcoin for an average price of $17,871.
Later, MicroStrategy sold 704 Bitcoin for approx $11.8 million at an average price of $16,776 on Dec 22. MicroStrategy sold Bitcoin first time in history.
MicroStrategy firm acquired 810 Bitcoin for $13.6 million at an average price of $16,845 in total MicroStrategy added 2501 to its portfolio. The Michael Saylor-founded company has 132,500 Bitcoin on its balance sheet.
Saylor Tracker a website that tracks the Bitcoin portfolio of MicroStrategy based on data from public announcements the firm is down 45% in all-time Bitcoin holding.
MicroStrategy is down 45% from its average buying price, the community believes that the average buyer will look cheap in a few years.
MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk
— Michael Saylor (@saylor) December 28, 2022
Michael Saylor buying Bitcoin the stock price of MicroStrategy (MSTR) has struggled this month. The MSTR stock price is trading at a 6-month low of $145.09.
MSTR, bears have complete control over other crypto stocks like Coinbase, and Robinhood, COIN is down by more than 30% while HOOD is down 22%
Related: Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%
