The Nasdaq-listed company Microstrategy has bought an additional 4,167 bitcoins. Its latest purchase has raised the company’s crypto holdings to 129,218 bitcoins.
Microstrategy Purchases More Bitcoin for Its Treasury
The Nasdaq-listed software company Microstrategy has acquired more bitcoin through its subsidiary, Macrostrategy. CEO Michael Saylor tweeted Tuesday:
Macrostrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per bitcoin. As of 4/4/22 Microstrategy hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin.
At the time of writing, the price of bitcoin is $46,819, based on data from MotleyBloggers.com Markets. It has risen 14% over the past two weeks and 19% over the last 30 days.
Macrostrategy obtained a $205 million BTC-backed loan from Silvergate Bank last month in order to purchase more bitcoin.
Saylor has long been bullish about BTC. He said during his company’s Q1 earnings call: “I see evidence of a lot more institutional adoption, greater adoption amongst macro and other hedge funds … We look forward to the next wave of institutional adoption that, I think, should be driven as people get more educated and more aware of what digital property is.”
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