MicroStrategy Buys Another $190.5 Million Worth of Bitcoin

MicroStrategy has just announced that it has bought another $190.5 million worth of Bitcoin.

The bitcoin-accumulating business-intelligence software company revaled it bought another 4,167 BTC.

MicroStrategy said in a statement Tuesday that the purchases took place between Feb. 15 and April 4.

The Virginia-based firm paid an average of $45,714 per bitcoin.

MicroStrategy now holds a total of 129,218 bitcoins, valued at around $6 billion at the current price of about $46,742.

CEO Michael Saylor has said on several occasions that the company plans to hold the bitcoin long term and has no plans to sell it.

The bitcoin acquired across the 49-day period averages to 85 a day, up from the 20 it acquired per day between Dec. 30. 2021 and Jan. 31, 2022.

In an earlier statement, the company indicated it hadn’t bought any bitcoin in the first half of February.

The company’s CEO Michael Saylor announced the buy on Twitter Tuesday.

“MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin,” Saylor said.

“As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin.”

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By Nick R. Hamilton

Nick has a broad background in journalism, business, and technology. He covers news on cryptocurrency, traditional assets, and economic markets.

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