MicroStrategy Adds 850 Bitcoin Worth $37.2 Million in January

MicroStrategy Adds 850 Bitcoin Worth $37.2 Million in January

MicroStrategy Adds 850 Bitcoin Worth $37.2 Million in January

In a recent post on X, Michael Saylor, the founder and chairman of MicroStrategy, announced that the company had acquired an additional 850 bitcoin for $37.2 million in January. With this purchase, MicroStrategy’s total bitcoin holdings now stand at 190,000.

MicroStrategy Adds 850 Bitcoin Worth $37.2 Million in January

Saylor also revealed that MicroStrategy would be discussing its fourth-quarter financial results on Tuesday.

The price of bitcoin experienced fluctuations throughout January, influenced by the launch of several spot bitcoin ETFs. At one point, bitcoin’s price reached nearly $49,000, as reported by The Block’s Price Page. As of 4:28 p.m. ET on Tuesday, bitcoin was trading at $43,156.

In November, MicroStrategy had announced its intention to raise up to $750 million through the sale of new Class A common stock shares. By the end of December, the company had successfully sold 1 million shares for $610 million.

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