As per official data, MicroStrategy acquired considerably less BTC in January than in the past months.
MicroStrategy, a notable Bitcoin (BTC) investor, has revealed another significant BTC acquisition, this time for a total of 125,051 BTC as of Monday.
MicroStrategy bought 660 BTC for "approximately $25 million" in cash between December 30, 2021, and January 31, 2022, according to an official form filed with the US Securities and Exchange Commission (SEC) on Tuesday.
As per the report, the average BTC purchase price was $37,865 per BTC, including charges and expenditures. MicroStrategy owned over $3.78 billion in BTC as of January 31, with an average purchase price of around $30,200 per BTC, including fees and expenses.
The recent report follows after the Securities and Exchange Commission (SEC) allegedly denied MicroStrategy's Bitcoin accounting techniques, leading the company's stock to plunge in mid-January.
The SEC raised concern with MicroStrategy's use of non-Generally Accepted Accounting Principles (GAAP) to provide statistics on BTC purchases. The authority stated that MicroStrategy estimated statistics for its BTC purchases using non-GAAP procedures that excluded the "impact of share-based compensation expense, impairment losses, and gains on the sale of intangible assets."
The current Bitcoin purchase seems to be small in comparison to MicroStrategy's other BTC purchases. MicroStrategy reported two significant BTC purchases in December 2021, purchasing 1,434 BTC from November 29 to December 9 at an average price of $57,477 per BTC and then 1,914 BTC from December 9 to December 29 at an average price of $49,229 per BTC.
The firm had previously purchased 7,002 BTC at an average price of $59,187 per BTC between October 1 and November 29.
Despite a market drop in January, major Bitcoin investors such as the government of El Salvador continued to invest in BTC. El Salvador's president, Nayib Bukele, said on January 21 that the Salvadoran government had acquired 410 bitcoin for $15 million, averaging $36,585 per bitcoin.