MicroStrategy buys up 660 more bitcoins for $25M

MicroStrategy (NASDAQ:MSTR) stock jumps 4% in premarket trading after the company bought ~660 bitcoins (BTC-USD) for ~$25M in cash, at an average prices of ~$37,865 per bitcoin. As of Jan. 31, 2022, the company held 125,051 bitcoins (BTC-USD) that were acquired at a total purchase price of $3.78B, or average price of $30,200 per bitcoin, including fees and expenses. With bitcoin (BTC-USD) recently trading at $38,743 this morning, according to Coinmetrics, that brings the value of MicroStrategy's (MSTR) bitcoin holdings to ~$4.8B, BTIG analyst Mark Palmer said in a note to clients. Later today, the software company kicks off its two-day MicroStrategy (MSTR) World Event with keynote speakers CEO Michael Saylor and Block (NYSE:SQ) CEO Jack Dorsey. Also see: Bitcoin (BTC-USD), ether (ETH-USD) close out rough month amid Fed pivot