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Business intelligence software company MicroStrategy has developed a reputation over the past several years as one that prioritizes investing in Bitcoin as a key resource. The business just disclosed to the SEC that it spent $42.8 million on 2,395 BTC between November 1 and December 21, 2022.
Purchasing about 2,395 bitcoins for $42.8 million between November 1 and December 21 through its MacroStrategy subsidiary, MicroStrategy (MSTR), the business software provider that was co-founded by crypto enthusiast Michael Saylor, increased its bitcoin (BTC) stockpile, according to a filing with the Securities and Exchange Commission on Wednesday.
Furthermore, the firm did some creative accounting as it acquired 810 BTC on December 24 for $13.6 million and sold 704 BTC for $11.8 million on December 22.
Following this round of purchasing and selling, MicroStrategy now owns a total of 132,500 BTC, which, given the current price of Bitcoin, is equivalent to $2.2 billion.