"If it's cooked like this, the big BTC holder won't be scared."
The United States (US) giant MicroStrategy, which is known for investing in cryptocurrencies, has reportedly raked in another 2,395 BTC worth of $42.8 million worth of Bitcoin (BTC) cryptocurrency.
However, Microstrategy has sold part of the digital asset after making the purchase transaction on November 1 to December 21 through its subsidiary, MacroStrategy.
By observation, the company sold around 704 BTC worth $11.8 million on December 22 following expectations that losses would exceed previous capital gains.
According to Michael Saylor, the executive chairman and co-founder of MicroStrategy mentioned that he had sold 2,500 BTC worth $42.8 million on Wednesday this week.
In total, MicroStrategy has so far acquired nearly 132,500 BTC worth over $4 billion at an average price of $30,397 while MacroStrategy has 810 BTC worth $13.6 million.
It was also reported that the purpose of the company selling its shares for $46.4 million is to increase the amount of BTC it owns.
As of this writing, the price of the digital asset is down around 1.09% hovering around the $16,554 zone in the past 24 hours while plunging 1.10% in the past week.
