MicroStrategy Acquires 4,167 Bitcoin for 0.5 Million
Nasdaq-listed software intelligence firm, MicroStrategy has purchased more Bitcoin (BTC) through its subsidiary, MacroStrategy. Its CEO and notorious Bitcoin Bull, Michael Saylor, tweeted the news on Tuesday:
MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI
— Michael Saylor
(@saylor) April 5, 2022
https://platform.twitter.com/widgets.js
MacroStrategy used a $205 million BTC-backed loan that it acquired from Silvergate Bank last month to make its latest Bitcoin purchase.
MicroStrategy’s last purchase was in February when the firm added 600 BTC to its holdings. It now holds a total of 129,218 BTC at a valuation of roughly $5.8 billion.
At the time of writing, Bitcoin is priced at $45,083, based on CoinMarketCap data. Although down 3% over the last 24 hour, the top cryptocurrency is experiencing a good run in the past month for gains of 20%.
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Source: igaming
