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Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins

News Feed - 2023-04-06 06:04:36

Microstrategy"s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins


Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion. Microstrategy Buys Another Batch of Bitcoins


Microstrategy has begun acquiring bitcoin (BTC) again, after purchasing 6,455 bitcoins for $150 million on March 27. On April 5, the firm’s CEO announced that it had acquired an additional 1,045 bitcoins, bringing the company’s total holdings to 140,000 BTC. The publicly traded company now has the largest stockpile of bitcoins of any firm worldwide, representing 0.667% of the 21 million BTC supply cap.


“Microstrategy has acquired an additional 1,045 bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin,” Saylor tweeted on Wednesday. “As of 4/4/2023 Microstrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin.”


The publicly traded company with the second-largest holding of BTC is Galaxy Digital, with 40,000 BTC. Microstrategy’s stockpile of bitcoins is the same size as Block.one’s and 1,686 BTC smaller than the Mt. Gox bitcoins held by the bankruptcy court trustee in Tokyo. Microstrategy has been acquiring bitcoins since August 2020 and has employed the dollar-cost averaging (DCA) strategy for its investments. Tags in this story Alternative Investment, asset allocation, Assets, Bitcoin, block.one, Blockchain, business intelligence, Cryptocurrency, cryptocurrency holdings, Decentralized, Digital Currency, Diversification, Dollar-Cost Averaging, Finance, financial performance, Financial Technology, Galaxy Digital, global currency, institutional investors, investment, market, Market Capitalization, michael saylor, microstrategy, Mt Gox, Portfolio, publicly traded company, risk management, secure, Speculation, stockpile, Strategy&, valuation, Volatile


What do you think the future holds for Microstrategy’s Bitcoin investment strategy? Let us know your thoughts in the comments. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Bitcoin Stamps Emerge as New Image-Storage Trend on the Bitcoin Blockchain, Over 8,000 Stamps Minted So Far NEWS | 4 hours ago China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says NEWS | 10 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin Stamps Emerge as New Image-Storage Trend on the Bitcoin Blockchain, Over 8,000 Stamps Minted So Far Next articleYellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItBill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments


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