MicroStrategy Increases Bitcoin Holdings To 140,000 After Latest $29.3 Million Purchase

Michael Saylor’s MicroStrategy (NASDAQ: MSTR) appears to be doing what it can to prop up the price of bitcoin as the crypto sector gets hit with countless lawsuits. The firm has again stepped up its purchases of bitcoin, with its latest purchase amounting to 1,045 BTC.

MicroStrategy this morning indicated it acquired the additional bitcoin from March 24, 2024 through to April 4, 2023, shelling out $29.3 million to acquire the BTC at an average price of $28,016 per each.

The latest purchase brings the firms entire bitcoin holdings to 140,000 BTC, which was acquired at an average price of $29,803, with total funds spend totaling $4.17 billion.

Cambria Gold Mines — sponsored Sponsored · Cambria Gold Mines

The purchase follows the firm revealing just two weeks ago that it had acquired 6,455 bitcoin for $150.0 million, which was funded by an ongoing at-the-market financing.

MicroStrategy last traded at $298.98 on the Nasdaq.


Information for this briefing was found via Edgar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

This Copper Mine Costs 1/6 to Restart | SSR Mining X Roxmore

Why Cambria Hit Pause on Its Massive Copper-Gold Spinout

Can Gold Rescue Washington From Its Debt Trap? | Andy Schectman – Miles Franklin

Recommended

Mercado Minerals Lengthens El Triunfo Vein by 190 Metres, Readies 1,500-Metre Zamora Drill Program

Blue Jay Gold Signs Ocean Partners Deal to Ship Steller Stockpiles Through 2027

Related News

MicroStrategy Acquires 7,002 Bitcoin From ATM Financing Proceeds

Evidently MicroStrategy Inc (NASDAQ: MSTR) is in the business of effectively exchanging shares for bitcoin....

Monday, November 29, 2021, 08:33:44 AM

Cathie Wood’s Ark Invest Files Petition With SEC to Create Bitcoin ETF

Despite the latest onslaught of scrutiny facing bitcoin across a number of countries, long-time bitcoin...

Tuesday, June 29, 2021, 02:44:00 PM

Crypto Black Monday: Celsius Suffers Liquidity Crisis, Plummets 70% in One Hour

Is this the beginning of the end? It appears that investors are finally getting cold...

Monday, June 13, 2022, 08:46:08 AM

Inner Mongolia Calls On Public To Report Illegal Mining Amid Escalating Crypto Crackdown

Inner Mongolia, China’s most northern region, has taken its cryptocurrency ban even further, and has...

Thursday, May 20, 2021, 05:54:00 PM

El Salvador Installs 200 Bitcoin ATMs After Becoming First Country to Approve the Crypto as Legal Tender

Back in June, El Salvador announced that it would grant bitcoin legal tender status, in...

Thursday, August 26, 2021, 08:00:46 AM