Recently, there have been many rumors about MicroStrategy and its large-scale Bitcoin at this stage. Most of them focus on the probability of MicroStrategy being forced to sell Bitcoin. However, the company has just bought BTC on a large scale again, which has dispelled all rumors.

2395 BTC, USD 42.8 million

In an SEC document publicly released on Wednesday, MicroStrategy Incorporated announced that it would purchase Bitcoin again. The company indicated that it had purchased 2395 BTC this time. The recent average transportation cost of the company is about 17871 dollars, about 42.8 million dollars. The purchase period is from November 1 to December 21, 2022.

The material also revealed other development trends of the company and Bitcoin holders. After purchasing 2395 BTC, MicroStrategy sold 704 BTC on December 22, with the use value of US $11.8 million. The company obviously suffered damage in this sale. It sold each BTC at an average price of US $16776. However, it indicates that the capital damage of this sale will be offset against its previous capital gains in the plan, which is also a preferential tax policy for the host country.

In a few days, the company will purchase 810 BTC at an average price of 16845 US dollars. This cost 13.6 million US dollars, making the total purchase amount of the company reach 56.4 million US dollars in less than two months.

Now, the position of MicroStrategy is soaring again. At this stage, MicroStrategy holds 1.325 billion BTC, which is the largest selling company in the world.

What did MicroStrategy do with Bitcoin?

Former CEO Michael Strategy led the company when the company gradually recycled BTC, and mastered more than 128000 BTC during his tenure. At that time, Saylor said that the company often bought BTC because it believed in the sustainable development potential of digital currency. Since then, this has not changed.

Even during the bear market period when the data encryption company failed, MicroStrategy still held most of its BTCs. The company has no signs of sale, and the latest recovery shows the commitment to BTC agenda arrangement.

The overall average price of BTC held by the company at this stage is $30397 per BTC, and the costs and expenses related to each purchase have accumulated to $4.03 billion. According to the current price, the company's unfinished loss of Bitcoin project investment exceeds 1 billion dollars.