Fun

Microstrategy Spends $200 Million More on Bitcoin, Raising Total Holdings to 129,218 BTC

News Feed - 2022-04-06 08:04:53

Microstrategy Spends $200 Million More on Bitcoin, Raising Total Holdings to 129,218 BTC


The Nasdaq-listed company Microstrategy has bought an additional 4,167 bitcoins. Its latest purchase has raised the company’s crypto holdings to 129,218 bitcoins. Microstrategy Purchases More Bitcoin for Its Treasury


The Nasdaq-listed software company Microstrategy has acquired more bitcoin through its subsidiary, Macrostrategy. CEO Michael Saylor tweeted 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.


At the time of writing, the price of bitcoin is $46,819, based on data from Bitcoin.com Markets. It has risen 14% over the past two weeks and 19% over the last 30 days.


Macrostrategy obtained a $205 million BTC-backed loan from Silvergate Bank last month in order to purchase more bitcoin.


The company’s latest BTC purchase before Tuesday was in February when it bought 660 bitcoins.


Saylor has long been bullish about BTC. He said during his company’s Q1 earnings call: “I see evidence of a lot more institutional adoption, greater adoption amongst macro and other hedge funds … We look forward to the next wave of institutional adoption that, I think, should be driven as people get more educated and more aware of what digital property is.” Tags in this story macrostrategy, michael saylor, microstrategy, microstrategy bitcoin, microstrategy buys bitcoin, Purchase Bitcoin


What do you think about Microstrategy buying more bitcoin? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Close to 250 Casascius Physical Bitcoins Were Redeemed in 6 Months, $1.9B in BTC Remain Active FEATURED | 1 day ago Bitcoin Cold Case: The Tale of the Dormant Wallet With Close to 80,000 BTC From Mt Gox FEATURED | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articlePoint Labs Releases Full Roadmap to Web3 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 ItUS Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues "Odds of Recession Increase"


As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the ... read more.Polygon Announces Zero-Knowledge Identity Platform for Web3 US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool Bandai Namco Announces Gundam Themed Metaverse Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency

News Feed

Bitmex Acquiring German Bank to Create ‘Regulated Crypto Powerhouse’ in Europe
Bitmex Acquiring German Bank to Create "Regulated Crypto Powerhouse" in Europe Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.&#x
Turner Wright4 hours agoX restricts Changpeng Zhao’s account after name change removes ‘Binance’The former Binance CEO speculated that X’s bot detection algorithm “needs some work” after the platform implied
Binance’s user assets under custody surpass $100B
Zhiyuan Sun7 hours agoBinance’s user assets under custody surpass $100B“In the past few weeks, there has been no shortage of records, all-time-highs, and crypto industry firsts,” Binance wrote.1030 Total views14 To
SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility
SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility On September 28, the bitcoin mining operator and clean-technology company, SAI Te
Dreamr Doubles User Base Since DMR Token Launch and Becomes Top-20 Downloaded Lifestyle App in Apple App Store
Dreamr Doubles User Base Since DMR Token Launch and Becomes Top-20 Downloaded Lifestyle App in Apple App Store press release PRESS RELEASE. Dreamr Labs flagship product theDreamr ap
Kraken Custody expands to UK and Australia markets
Josh O"Sullivan9 hours agoKraken Custody expands to UK and Australia marketsKraken"s expansion of its custody services to the UK and Australia marks its first international venture, catering to institutional clients outs
Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected
Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected The Japanese yen’s exchange rate versus the U.S. dollar recently plunge
Brayden Lindrea15 minutes agoCoinbase narrows loss while crypto trading volumes fall in Q3Despite seeing falling trading volumes, Coinbase said they were “pleased” with how the quarter played out.59 Total viewsListen
Bitcoin Price Flashes Signal That Has Led To A Surge Every Time
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital
Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital According to a recent report from Sky News citing a source familiar with the matter, ȁ
Ariva Looks To Offer Its Users A ‘Second Life’ Via Ariva Wonderland
Ariva Looks To Offer Its Users A ‘Second Life’ Via Ariva Wonderland press release PRESS RELEASE. People from all across the planet miss being able to freely travel to new areas
The North American Bitcoin Conference Returns
The North American Bitcoin Conference Returns Pioneering crypto conference announces high-power, enterprise-savvy lineup. On January 16 and