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.

Also Read, PlayStation 5 Enhances DualSense Audio, Fine-Tunes Power Indicator Brightness, and Introduces Other Improvements

Pooja Chauhan
Pooja Chauhan

Pooja Chauhan: Your Source for Entertainment and Box Office News

Pooja Chauhan is a passionate writer and dedicated journalist specializing in delivering the latest updates and insights from the world of entertainment and box office. With a keen eye for detail and a deep love for cinema, Pooja brings her readers accurate and engaging coverage of all things related to movies, celebrities, and the dynamic world of showbiz. Her commitment to keeping her audience well-informed and entertained makes her a valuable voice in the realm of entertainment journalism. When she's not busy uncovering the latest scoops, Pooja enjoys exploring classic films and indulging in creative writing."
Contact us: admin@bollywoodfever.co.in

Articles: 1846

Leave a Reply

Your email address will not be published. Required fields are marked *