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MicroStrategy Bought 7K Bitcoins in Fiscal Fourth Quarter for $414M
The business-intelligence software company said it owned 121,044 bitcoins as of Nov. 29, worth about $3.6 billion.
By Aoyon Ashraf
Updated May 11, 2023, 5:49 p.m. Published Nov 29, 2021, 1:33 p.m.
MicroStrategy said it bought 7,002 bitcoins for about $414 million in cash during its fiscal fourth quarter.
- The company bought bitcoins during the quarter for an average price of about $59,000, it said in a statement.
- The largest crypto currency by market capitalization was trading around $57,326 on Monday.
- MicroStrategy now holds 121,044 bitcoins worth about $3.6 billion with an average purchase price of about $29,534 each.
- CEO Michael Saylor has made bitcoin acquisition a second mandate for his 32-year-old company. Its other business is developing business-intelligence software.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Crypto Firm Tether Moves to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
What to know:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
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