Microstrategy, a Nasdaq listed company has purchased 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
Microstrategy, a Nasdaq listed software company has added more bitcoin to its portfolio through Macrostrategy. Michael Saylor, the CEO of Microstrategy, posted Tuesday:
Macrostrategy purchased additional 4,167 Bitcoins at a price average of $45714 per bitcoin. On 4/4/22, Microstrategy had 129.218 bitcoins in its possession. They were purchased for an average of $30,000.
Based on data from Bitcoin.com Markets, bitcoin’s price is currently $46,819 at the time this article was written. In the last two weeks it has gone up 14% and in the last thirty days, by 19%.
Macrostrategy received a $205 million BTC-backed Loan from Silvergate Bank to buy additional bitcoins last month.
The company’s latest BTC purchase before Tuesday was in February when it bought 660 bitcoins.
Saylor is a long-time bull for Bitcoin. 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.”
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