Breaking: MicroStrategy Purchases Another 1,045 BTC

Breaking: MicroStrategy Purchases Another 1,045 BTC

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Microstrategy is now holding roughly 140,000 Bitcoins after adding 6,455 Bitcoins earlier this year and now purchasing another 1,045 Bitcoins.

The transaction was disclosed in a Wednesday filing with the Securities and Exchange Commission (SEC) by the business intelligence company and according to the company, the Bitcoins were purchased with $29.3 million.

Additionally, the 1,045 Bitcoins were purchased between March 24 and April 4 and the average price of each Bitcoin is $28,016.

MicroStrategy is the world’s largest corporate Bitcoin holder, overall, it is now holding 140k Bitcoins all of which were secured at roughly $4.17 billion.

As of press time, Bitcoin is trading at $28,219, according to data by CoinMarketCap, therefore, the business intelligence company is yet to break even after the 2022 crypto crash which led to massive losses incurred by the company.

Since its first purchase of 810 Bitcoins in 2020, MicroStrategy has been consistent with its Bitcoin transaction, in fact, its former CEO Micheal Saylor stepped down in August 2022 to enable him to focus on Bitcoin acquisition strategy.

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