Nine days after listed company MicroStrategy purchased 6,455 bitcoins, its CEO, Michael Saylor, announced that it had purchased another 1,045 bitcoins. The business intelligence (BI) firm now holds a total of 140,000 bitcoins (worth $3.97 billion).
Microstrategy purchased another large amount of bitcoin
Microstrategy began acquiring bitcoin (BTC) again after purchasing 6,455 bitcoins for $150 million on March 27; on April 5, its CEO acquired another 1,045 bitcoins, bringing the company’s total holdings to 140,. 000BTC. The publicly traded company now has the largest bitcoin stockpile of any company in the world, representing 0.667% of the 21 millionBTCsupply ceiling.
“Microstrategy acquired an additional 1,045 bitcoins for ~$29.3M at an average price of $28,016 per bitcoin.” And Saylortweetedon Wednesday.” As of April 4, 2023, Microstrategy has 140,000 bitcoins acquired for ~$4.17B at an average price of $29,803 per bitcoin.”
The second largest publicly traded company holdingBTCis Galaxy Digital, with 40,000BTC. Microstrategy’s bitcoin stockpile is the same size as Block.one, 1,686BTC, which is smaller than Mt. Gox’s bitcoin held by the bankruptcy court trustee in Tokyo. microstrategy will acquire bitcoin starting August 2020, dollar cost averaging (DCA) strategy for its investments.
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