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.
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.