Bitcoin

April

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Michael Saylor’s business intelligence firm MicroStrategy bought an additional 1,045 bitcoins from March 24 to April 4, according to the new <a aria-label="8-K filing (opens in a new tab)" href="https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-1045-btc-and-now-holds-140000-btc_4-5-2023" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">8-K filing</a> with the Securities and Exchange Commission (SEC). The latest investment brings the company’s total bitcoin holdings to 140,000 BTC, worth more than $4 billion at today’s prices.</p> 
<h3 id="microstrategy-buys-1-045-btc-for-29-3m">MicroStrategy Buys 1,045 BTC for $29.3M </h3> 
<p>MicroStrategy and its subsidiaries added 1,045 bitcoins between March 24, 2023, and April 4, 2023, for roughly $29.3 million in cash, the company’s most recent 8-K filing with the SEC showed. Including fees and expenses, the business intelligence firm paid an average price of around $28,016 per bitcoin for its latest purchase.</p> 
<p>According to the filing, MicroStrategy and its subsidiaries held 140,000 bitcoins as of April 4, bought at an aggregate price of roughly $4.17 billion. The filing showed that the average purchase price for its total holdings is approximately $29,803 per bitcoin, including fees.</p> 
<p>The move comes around two weeks after Michael Saylor’s firm disclosed it <a href="https://tokenist.com/microstrategy-acquired-6455-btc-for-150m-filing/" rel="dofollow" class="deco-link">bought 6,455 bitcoins</a> for $150 million from February 16 to March 23. Furthermore, the company also paid off its loan from the now-defunct Silvergate Bank at a discount of 22%.</p> 
<p>Bitcoin price stood at $28,551 at the time of the writing, up 1.3% in the past 24 hours. The world’s number one crypto token surged more than 27% in the past month, <a href="https://tokenist.com/bitcoin-breaches-26000-after-expected-february-cpi-print/" rel="dofollow" class="deco-link">buoyed by cooling inflation</a> and recent turmoil in the traditional banking sector.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="microstrategy-close-to-profitable-on-btc-holdings">MicroStrategy Close to Profitable on BTC Holdings</h3> 
<p>MicroStrategy’s latest purchase emphasizes the confidence Michael Saylor and his team have in Bitcoin as they <a href="https://tokenist.com/microstrategy-plans-to-buy-more-bitcoin-despite-197-6m-impairment-in-q4/" rel="dofollow" class="deco-link">relentlessly continue</a> to invest in the cryptocurrency in the face of the <a href="https://www.washingtonpost.com/business/2022/12/18/crypto-winter-ftx-collapse-bitcoin-prices/" target="_blank" aria-label="market downturn (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">market downturn</a>. The company remains the largest corporate holder of Bitcoin in the world.</p> 
<p>MicroStrategy co-founder and former CEO Michael Saylor has been one of the <a aria-label="loudest proponents (opens in a new tab)" href="https://moneywise.com/investing/stocks/bitcoin-100x-better-than-gold-michael-saylor" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">loudest proponents</a> of Bitcoin, consistently stating his convictions that Bitcoin is the most secure and reliable store of value in the market. The company’s current Bitcoin strategy is much like dollar cost averaging (DCA) but with large amounts of cash.</p> 
<p>With the latest purchase, MicroStrategy is close to breaking even and becoming profitable with its BTC investment, with an average purchase price of $29,803 per BTC against the current market rate of $28,573 per BTC. The business intelligence firm first invested in Bitcoin in August 2020 and has not stopped increasing its holdings in the cryptocurrency since.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>Do you think MicroStrategy’s DCA-like strategy with Bitcoin will pay off? Let us know in the comments below.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/microstrategy-bought-1045-more-bitcoins-now-holds-140000-btc/">MicroStrategy Bought 1,045 More Bitcoins, Now Holds 140,000 BTC</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

MicroStrategy Bought 1,045 More Bitcoins, Now Holds 140,000 BTC

विषयसूची

Tokenist

5 अप्रैल 2023 को प्रकाशित अन्य लेख

Letter to Community from Dyma Budorin

Will Bitcoin Mining Face Harsh Restrictions in Texas?

DeFi Dominance Declines as Bitcoin, XRP Steal Crypto-market Spotlight

Ethereum crosses $1,900 ahead of Shapella hard fork

Trust Army Beta: Key Results

CORAI vsb distributed

रोजाना क्रिप्टो अपडेट पाने के लिए हमारे मुफ्त न्यूजलेटर से जुड़ें!