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MicroStrategy Buys Another 1,045 Bitcoin for $23.9M
The company now holds 140,000 bitcoin worth about $4 billion.
Michael Saylor's MicroStrategy (MSTR) purchased an additional 1,045 bitcoin (BTC) for a total of $23.9 million, or an average price of $28,016, between March 23 and April 4, according to a Securities and Exchange Commission filing.
This latest purchase brings the company's bitcoin holdings up to approximately 140,000, worth roughly $4 billion at the current price of $28,500. The overall average purchase price on those holdings is $29,803.
On March 27, MicroStrategy disclosed the purchase of 6,455 bitcoin for $161 million in the previous five weeks. At that time, the company also said it paid off what was left of its $205 million loan from failed Silvergate Bank.
MSTR is higher by 1.2% premarket alongside bitcoin's 1% overnight gain.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
