MicroStrategy, the largest corporate holder of Bitcoin (BTC), has announced its latest purchase of approximately 5,445 BTC for $147.3 million in cash.
Michael Saylor's Microstrategy Has Acquired Approximately 5,445 BTC
MicroStrategy, the largest corporate holder of Bitcoin (BTC)
, has announced its latest purchase of approximately 5,445 BTC for $147.3 million in cash. The average price per coin, including fees and expenses, was approximately $27,053.
This acquisition brings MicroStrategy's total Bitcoin holdings to around 158,245 BTC, purchased at an average price of $29,582 per coin. The company has invested a total of $4.68 billion in Bitcoin.
The continuing accumulation of Bitcoin by MicroStrategy demonstrates the company's belief in the cryptocurrency as a long-term investment and store of wealth. However, due to the current bear market, the fiat value of Bitcoin held on MicroStrategy's balance sheet is around $4.1 billion.
MicroStrategy began acquiring Bitcoin in 2020 and co-founder Michael Saylor has emphasized the company's objective of continuously, openly and responsibly purchasing and holding Bitcoin.
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