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 Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
