When did MicroStrategy start buying bitcoin?

Key Facts. The company, which started buying cryptocurrency for its balance sheet in August 2020 , says it now holds approximately 125,051 bitcoins, purchased for nearly $3.8 billion, or an average price of $30,200 per coin.1 Şub 2022

The company paid an average price of $49,229 per bitcoin, it said in a statement. As of Dec. 29, MicroStrategy held about 124,391 bitcoins purchased at an average price of $30,159. Bitcoin is currently trading about $47,500, valuing the trove at $5.9 billion.

MicroStrategy has made more than $750 million on its bitcoin investment at the current price , said Brent Thill, a senior analyst at Jefferies Group LLC, a financial-services firm. But some investors are concerned the company isn’t focusing enough on its core business, he said.