MicroStrategy, the American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (BTC) for approximately $29.3 million at an average price of $28,016 per BTC.. This news was announced in a tweet by Microstrategy CEO Michael Saylor on April 5.
MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv
—Michael Saylor⚡️ (@saylor) April 5, 2023
MicroStrategy has acquired an additional 1,045 bitcoins for ~$29.3 million at an average price of $28,016 per bitcoin. As of 4/4/2023, @MicroStrategy owns 140,000 bitcoins purchased for ~$4.17 billion at an average price of $29,803 per bitcoin.
As of April 5, 2023, MicroStrategy owns a total of 140,000 Bitcoin, which were purchased for approximately $4.17 billion at an average price of $29,803 per BTC. This news marks an important milestone for the company, which continues to invest in Bitcoin as a reserve asset.
Number 14 on Cointelegraph’s Top 100 Cryptocurrencies, Saylor has been an outspoken proponent of Bitcoin and has been leading the charge for corporations to adopt the largest cryptocurrency as a strategic asset. Saylor has repeatedly stated that Bitcoin is the safest and most reliable store of value currently on the market and that it offers a unique opportunity for companies to protect their assets from inflation.
Saylor’s MicroStrategy recently repaid its Silvergate loan and purchased 6,500 BTC at the end of March. The company’s Bitcoin strategy appears to be a dollar cost averaging but with large amounts of money.
MicroStrategy made its first Bitcoin purchase in August 2020, and since then, the company has been steadily adding to its holdings. The latest purchase brings the total amount of Bitcoin owned by MicroStrategy to more than $12.6 billion, which is a testament to the firm’s confidence in the cryptocurrency’s long-term potential.
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