MicroStrategy’s Bitcoin Holdings Reach 140,000 Coins With Latest Purchase
MicroStrategy, a business intelligence company, has announced that it purchased an additional 1,045 Bitcoins between March 24 and April 4 for about $29.3 million.
The average price per coin was $28,016, according to a filing with the US Securities and Exchange Commission (SEC).
MicroStrategy now holds a whopping 140,000 Bitcoins, which were acquired at a total purchase price of around $4.17 billion.
The company’s average purchase price per Bitcoin is now $29,803. Although the bellwether cryptocurrency is trading at $28,564 on the Bitstamp exchange, MicroStrategy has yet to break even after facing significant losses in 2022 due to the bear market.
READ MORE: Bitcoin: Price Inches Closer to $30,000 – What to Expect?
The company also disclosed a $161 million Bitcoin purchase for 6,455 tokens in late March.
MicroStrategy has been a major player in the adoption of Bitcoin by corporations since its first investment in August 2020.
It now holds the largest amount of digital assets among any corporation.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
