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MicroStrategy acquired 1,914 Bitcoin and now owns over $6 billion in crypto

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The company's crypto holdings are worth around $5.9 billion, indicating a gain of over $2.1 billion after its initial buy in August 2020.

MicroStrategy, a business intelligence company, has purchased $94 million worth of Bitcoin (BTC) at an average value of $49,229, bringing the total holdings to $94 million.

MicroStrategy acquired 1,914 bitcoin for $94.2 million from December 9 to December 29, according to a filing with the US Securities and Exchange Commission on Thursday, amounting to holdings to 124,391 bitcoin. The firm's holdings are now valued at almost $5.9 billion, showing a profit of more than $2.1 billion.

MicroStrategy has purchased more than $3.7 billion in Bitcoin in multiple trades by using the company's cash on hand after executing its initial $250 million Bitcoin investment in August 2020, further sales of convertible senior notes in private offers to institutional investors.

Although there were instances where the business intelligence company has acquired the fall, some of the purchases have been made in response to price rises in early 2021 when the BTC price was over $50,000.

The firm's latest BTC purchase arises after the crypto asset's price dropped below $46,000 on December 29 as it proceeded to show fluctuation in the run-up to the new year. The bitcoin price is $47,226  currently according to data, dropped more than 7% over the last 7 days.

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