MicroStrategy just did was CEO Michael Saylor once said would never happen: it sold bitcoin
MicroStrategy did not immediately respond to Insider's request for comment.
In late 2020, MicroStrategy became the first publicly traded company in the US to buy and hold bitcoin as part of its balance sheet. It has since continued to add to its stockpile, even taking out billions of dollars in debt to buy more bitcoin. As of December 27, MicroStrategy held close to 132,500 bitcoin worth $4 billion, and paid a rough average of $30,397 per token.
MicroStrategy is the largest corporate buyer of bitcoin, which has plummeted 64% year to date and now trades just over $16,600., after the firm's chief investment officer warned of such an occurrence if bitcoin fell below $21,000.
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