{"id":402222,"date":"2022-02-01T17:42:13","date_gmt":"2022-02-01T14:42:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/microstrategy-buys-the-dip-by-purchasing-660-bitcoin-for-25m\/"},"modified":"2022-02-01T17:42:13","modified_gmt":"2022-02-01T14:42:13","slug":"microstrategy-buys-the-dip-by-purchasing-660-bitcoin-for-25m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/microstrategy-buys-the-dip-by-purchasing-660-bitcoin-for-25m\/","title":{"rendered":"# MicroStrategy buys the dip by purchasing 660 Bitcoin for $25M"},"content":{"rendered":"<p>&#8220;<strong># MicroStrategy buys the dip by purchasing 660 Bitcoin for $25M <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvZTU3MWJjMjktYTc5My00OGEzLWIxMmEtZjc3OTY2ZDMyOWUxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Major Bitcoin (BTC) investor \u200b\u200bMicroStrategy has announced another major BTC purchase during a market dip to collect a total of 125,051 BTC as of Monday.<\/p>\n<p>According to an official form with the United States Securities and Exchange Commission (SEC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001050446\/000119312522024027\/d275576d8k.htm\">filed<\/a> on Tuesday, \u200b\u200bMicroStrategy purchased 660 BTC between December 30, 2021, and January 31, 2022, for \u201c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately $25 million\u201d in cash.<\/p>\n<p>The average BTC price of the purchase amounted to $37,865 per BTC, including fees and expenses, the report notes. As of Jan. 31, MicroStrategy held about $3.78 billion worth of BTC at the average purchase price of approximately $30,200 per BTC, inclusive of fees and expenses.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. As of 1\/31\/22 we <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/hodl?src=hash&amp;ref_src=twsrc%5Etfw\">#hodl<\/a> ~125,051 bitcoins acquired for ~$3.78 billion at an average price of ~$30,200 per bitcoin. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bF6VImC0Qy\">https:\/\/t.co\/bF6VImC0Qy<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/saylor\/status\/1488498422495817728?ref_src=twsrc%5Etfw\">February 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe latest report comes shortly after the SEC reportedly rejected MicroStrategy\u2019s Bitcoin accounting practices, causing MicroStrategy shares to plummet in mid-January.<\/p>\n<p>The SEC specifically objected to MicroStrategy reporting data related to BTC purchases based on non-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a>ly Accepted Accounting Principles (GAAP). The authority argued that MicroStrategy used non-GAAP methods of calculating figures for its BTC buys excluding the \u201cimpact of share-based compensation expense and impairment losses and gains on sale from intangible assets.\u201d<\/p>\n<p>The latest Bitcoin buy is apparently not that big compared to the most recent BTC purchases by MicroStrategy. In December 2021, MicroStrategy announced two major BTC purchases, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.microstrategy.com\/content\/dam\/website-assets\/collateral\/financial-documents\/financial-document-archive\/form-8-k_12-09-2021.pdf\">buying<\/a> 1,434 BTC from Nov. 29 to Dec. 9 at the average price of $57,477 per BTC and then <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.microstrategy.com\/content\/dam\/website-assets\/collateral\/financial-documents\/financial-document-archive\/form-8-k-12-30-2021.pdf\">purchasing<\/a> 1,914 BTC from Dec. 9 to Dec. 29 at the average price of $49,229 per BTC.<\/p>\n<p>Previously, the company had\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.microstrategy.com\/content\/dam\/website-assets\/collateral\/financial-documents\/financial-document-archive\/form-8-k_11-29-2021.pdf\">bought<\/a> as much as 7,002 BTC from Oct. 1 to Nov. 29 at the average price of $59,187 per BTC.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>MicroStrategy CEO won\u2019t sell $5B BTC stash despite crypto winter<\/em><\/strong><\/p>\n<p>Major Bitcoin investors including the government of El Salvador continued to investi in BTC amid a market downturn in January. On Jan. 21, El Salvador president Nayib Bukele announced that the Salvadoran state purchased 410 BTC for $15 million, placing the average price at approximately $36,585 per BTC.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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According to an official form with the United States Securities and Exchange Commission (SEC) filed on Tuesday, \u200b\u200bMicroStrategy&#8230;<\/p>\n","protected":false},"author":1,"featured_media":402223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvZTU3MWJjMjktYTc5My00OGEzLWIxMmEtZjc3OTY2ZDMyOWUxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74858,74863,122847,74898,74355,117,73711],"class_list":["post-402222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-regulation","tag-cryptocurrencies","tag-microstrategy","tag-sec","tag-adoption","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/402222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=402222"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/402222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/402223"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=402222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=402222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=402222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}