MicroStrategy just bought another 2,500 BTC

Business Intelligence firm MicroStrategy has purchased an additional 2,395 BTC between Nov. 1 and Dec. 21.

Michael Saylor, the founder and CEO of MicroStrategy, announced the company’s purchase on Twitter for the second time this quarter.

According to the company’s 8K filing with the SEC, the Bitcoins were purchased for approximately $42.8 million in cash at an average price of $17,871 per BTC.

The company sold 704 BTC days after the acquisition for around $11.8 million. The sale price averaged around $16,776 per BTC, resulting in capital losses for MicroStrategy. The loss will be carried back against previous capital gains and be used to reduce the federal income tax for the Delaware-registered company.

However, MicroStrategy’s Bitcoin holdings increased again on Dec. 24, when the company purchased another 810 BTC for $13.6 million. The Bitcoins were purchased at an average price of approximately $16,845.

Both the sale and the purchase of the 2,500 BTC were done through MacroStrategy, a subsidiary of MicroStrategy, and brought the company’s total Bitcoin holdings to 132,500 BTC. The purchase was financed through the issuance and sale of 218,500 new shares, which brought around $46.4 million in proceeds to the company.

As of Dec. 27, the 132,500 BTC were acquired at an aggregate purchase price of just over $4 billion at an average price of Around $30,397 per BTC.

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