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

Red Cloud Fall Mining Showcase 2026 | Day 2

More Gold Without a Bigger Upfront Bill? | Keith Boyle – New Found Gold

The Red Cloud Fall Mining Showcase 2026 | Day 1

Recommended

First Majestic Lifts Q3 Revenue 38% to US$394.1 Million on Higher Silver Prices

Meghan Markle’s Half-Brother Submitted Evidence Against Their Father, But Now Faces Philippine Police Scrutiny

Related News

MicroStrategy Brings Total Bitcoin Holdings To 130,000 With Latest Purchase

In a sign of the current state of the crypto markets as a whole, MicroStrategy...

Tuesday, September 20, 2022, 09:08:26 AM

Fidelity Investments to Bring Bitcoin ETF to Canada

It appears that Canada will soon be getting yet another bitcoin ETF, as Fidelity Investments...

Thursday, December 2, 2021, 10:18:00 AM

MicroStrategy Drops $190.5 Million Acquiring 4,167 Bitcoin

MicroStrategy Inc (NASDAQ: MSTR) continues to buy up bitcoin, and it appears that their rate...

Tuesday, April 5, 2022, 08:37:37 AM

Did A Hedge Fund Blow Up In The MicroStrategy Squeeze?

Observers in fintwit world witnessed a rollercoaster ride as a hedge fund’s risky trading strategy...

Wednesday, March 20, 2024, 02:22:00 PM

Buffett Shuns Bitcoin Anew: “It Isn’t Going To Do Anything”

Speaking at the annual Berkshire Hathaway (NYSE: BRK.A) shareholder meeting, Chairman and CEO Warren Buffett...

Monday, May 2, 2022, 10:14:00 AM