MicroStrategy Incorporated (NASDAQ: MSTR), the leading business intelligence software company, has announced that it has added another 1,045 Bitcoins to its already substantial holdings. Between March 24, 2023, and April 4, 2023, the company and its subsidiaries acquired the addi...
MicroStrategy Incorporated (NASDAQ: MSTR), the leading business intelligence software company, has announced that it has added another 1,045 Bitcoins to its already substantial holdings.
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 repaid its $205M Silvergate loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. https://t.co/ALp9VLkTpt— Michael Saylor(@saylor) March 27, 2023
With the latest acquisition, the company’s total Bitcoin holdings now stand at an impressive 140,000 BTC.
MicroStrategy’s aggressive Bitcoin investment strategy has been a topic of much discussion within the crypto community. The company has spent approximately $4.17 billion in total to accumulate its 140,000 BTC holdings, resulting in an average purchase price of around $29,803 per Bitcoin, inclusive of fees and expenses.
This continued accumulation of Bitcoin by MicroStrategy is expected to further solidify its position as one of the largest corporate holders of the digital asset.
In light of this latest acquisition, MicroStrategy’s share price could see a short-term boost as investors react to the news.