(Bloomberg) — Enterprise software-maker and Bitcoin holder MicroStrategy Inc. said it bought roughly 660 additional coins while the price of the world’s largest digital currency was falling.
The Tysons Corner, Virgina-based firm spent about $25 million on Bitcoin between Dec. 30, 2021 and Jan. 31, 2022, paying an average price of $37,865 per coin, according to a filing. That would make it MicroStrategy’s smallest purchase since May, when it acquired 229 Bitcoin for $10 million.
The company held more than 125,000 Bitcoin, acquired at an average price of $30,200, and worth an aggregate amount of $3.78 billion as of Jan. 31, according to the filing.
Bitcoin traded at $38,437 as of 5 p.m. New York time on Jan. 31, down from $47,298 on Dec. 30. It has reached an all-time high of about $69,000 in early November, and recently traded at about $38,940.
Shares of MicroStrategy rose about 4.5% to $383.50 in early trading, after slumping 32% in January. The company will release fourth-quarter results after the stock market’s close.
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