MicroStrategy, an American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (BTC) for approximately $29.3 million at an average price of $28,016 per BTC. This news was announced in a tweet by MicroStrategy CEO Michael Saylor on April 5.
MicroStrategy has acquired 1045 #bitcoin for ~$29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy owns 140,000 bitcoins purchased for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv
—Michael Saylor⚡️ (@saylor) April 5, 2023
As of April 5, 2023, MicroStrategy owns a total of 140,000 BTC, which were purchased for approximately $4.17 billion at an average price of $29,803 per BTC. This news is a major milestone for the company as it continues to invest in Bitcoin as a reserve asset.
Saylor, number 14 in Cointelegraph’s Top 100 in crypto, has been an outspoken proponent of Bitcoin and has been leading the charge for corporations to embrace the largest cryptocurrency as a strategic asset. Saylor has repeatedly stated that Bitcoin is the safest and most reliable store of value on the market today and that it offers a unique opportunity for companies to protect their assets from inflation.
Saylor’s MicroStrategy recently paid off its Silvergate loan and bought 6,500 BTC at the end of March. The company’s Bitcoin strategy appears to be dollar cost average but big money.
Related: Michael Saylor Is Still On The Hook For Alleged Tax Evasion, MicroStrategy Filing Says
MicroStrategy made its first Bitcoin purchase in August 2020, and since then the company has been steadily expanding its assets. The latest purchase brings the total amount of Bitcoin owned by MicroStrategy to over $12.6 billion, which is a testament to the company’s confidence in the cryptocurrency’s long-term potential.
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