Breaking: MicroStrategy Buys 6,455 BTC

March 28, 2023

MCP News Free

Breaking: MicroStrategy Buys 6,455 BTC

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After repaying its $205 million Silvergate loan, the largest corporate holder of Bitcoin MicroStrategy has purchased 6,455 Bitcoins, the former CEO revealed in a March 27 tweet.

According to Micheal Saylor, the newly purchased Bitcoins were secured at an average market price of $23,238, amounting to roughly $150 million at the current market price and as well equivalent to 6,455 Bitcoins.

MicroStrategy repaid its $205M Silvergate loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. https://t.co/ALp9VLkTpt
— Michael Saylor⚡️ (@saylor) March 27, 2023

This new transaction will however bring the total Bitcoin being held by MicroStrategy to roughly 138,955 Bitcoins, all bought at around $14.4 billion with $29,817 being an average price per Bitcoin.

In addition to the BTC purchase which marks the first MicroStrategy Bitcoin transaction in 2023, the software solutions provider also paid back its $205 million Silvergate loan at a 22% discount, said Saylor in the tweet.

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