MicroStrategy Purchases An Additional 1,045 Bitcoin For $29.3 Million
Key Points:
- MicroStrategy has purchased an additional 1,045 bitcoins for $29.3 million in cash, bringing their total holdings to 140,000.
- The average price of the newly acquired bitcoins was $28,016 per bitcoin, which is lower than their existing holdings’ average purchase price.
- The firm’s total investment in Bitcoin is now valued at approximately $4.17 billion, with CEO Michael Saylor vocal advocating Bitcoin as a store of value.
MicroStrategy announced buying an additional 1,045 bitcoins for $29.3M at an average price of $28,016 per bitcoin. They now hold 140,000 BTC worth $4.17B.
On April 5, 2023, MicroStrategy announced that it had purchased an additional 1,045 bitcoins for approximately $29.3 million in cash between March 24, 2023, and April 4, 2023. This move is in line with the company’s strategy of investing in Bitcoin as a store of value and brings its total holdings of Bitcoin to approximately 140,000.
The average price of the newly acquired bitcoins was approximately $28,016 per bitcoin, inclusive of fees and expenses. This price is significantly lower than the average purchase price of MicroStrategy’s existing Bitcoin holdings, which was approximately $29,803 per Bitcoin, inclusive of fees and expenses. This indicates that MicroStrategy took advantage of a dip in Bitcoin prices to make this purchase.
According to Michael Saylor, MicroStrategy’s total investment in Bitcoin is now valued at approximately $4.17 billion based on Bitcoin’s average price of around $29,803. This is a significant investment in cryptocurrency, which has been gaining popularity as a store of value among institutional investors.
MicroStrategy’s CEO, Michael Saylor, has been a vocal advocate of Bitcoin, promoting its use as a store of value and an alternative to traditional fiat currencies. The company’s decision to invest heavily in Bitcoin has been seen as a bold move, given the cryptocurrency market’s volatility.
MicroStrategy had previously paid off a $205 million Bitcoin-backed loan early and accumulated more, adding 6,455 Bitcoins to its stash in February-March 2023.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
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MicroStrategy Purchases An Additional 1,045 Bitcoin For $29.3 Million
Key Points:
- MicroStrategy has purchased an additional 1,045 bitcoins for $29.3 million in cash, bringing their total holdings to 140,000.
- The average price of the newly acquired bitcoins was $28,016 per bitcoin, which is lower than their existing holdings’ average purchase price.
- The firm’s total investment in Bitcoin is now valued at approximately $4.17 billion, with CEO Michael Saylor vocal advocating Bitcoin as a store of value.
MicroStrategy announced buying an additional 1,045 bitcoins for $29.3M at an average price of $28,016 per bitcoin. They now hold 140,000 BTC worth $4.17B.
On April 5, 2023, MicroStrategy announced that it had purchased an additional 1,045 bitcoins for approximately $29.3 million in cash between March 24, 2023, and April 4, 2023. This move is in line with the company’s strategy of investing in Bitcoin as a store of value and brings its total holdings of Bitcoin to approximately 140,000.
The average price of the newly acquired bitcoins was approximately $28,016 per bitcoin, inclusive of fees and expenses. This price is significantly lower than the average purchase price of MicroStrategy’s existing Bitcoin holdings, which was approximately $29,803 per Bitcoin, inclusive of fees and expenses. This indicates that MicroStrategy took advantage of a dip in Bitcoin prices to make this purchase.
According to Michael Saylor, MicroStrategy’s total investment in Bitcoin is now valued at approximately $4.17 billion based on Bitcoin’s average price of around $29,803. This is a significant investment in cryptocurrency, which has been gaining popularity as a store of value among institutional investors.
MicroStrategy’s CEO, Michael Saylor, has been a vocal advocate of Bitcoin, promoting its use as a store of value and an alternative to traditional fiat currencies. The company’s decision to invest heavily in Bitcoin has been seen as a bold move, given the cryptocurrency market’s volatility.
MicroStrategy had previously paid off a $205 million Bitcoin-backed loan early and accumulated more, adding 6,455 Bitcoins to its stash in February-March 2023.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
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