MicroStrategy Bought $25 Million in Bitcoin During Recent Slide

Enterprise software-maker and Bitcoin holder MicroStrategy Inc. said it bought roughly 660 additional coins while the price of the world’s largest digital currency was falling.

The Tysons Corner, Virgina-based firm spent about $25 million on Bitcoin between Dec. 30, 2021 and Jan. 31, 2022, paying an average price of $37,865 per coin, according to a filing. That would make it MicroStrategy’s smallest purchase since May, when it acquired 229 Bitcoin for $10 million.

The company held more than 125,000 Bitcoin, acquired at an average price of $30,200, and worth an aggregate amount of $3.78 billion as of Jan. 31, according …

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