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Finance

MicroStrategy Buys Another 1,045 Bitcoin for $23.9M

The company now holds 140,000 bitcoin worth about $4 billion.

By Oliver Knight
AccessTimeIconApr 5, 2023 at 12:36 p.m. UTC
Updated May 9, 2023 at 4:11 a.m. UTC
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Michael Saylor's MicroStrategy (MSTR) purchased an additional 1,045 bitcoin (BTC) for a total of $23.9 million, or an average price of $28,016, between March 23 and April 4, according to a Securities and Exchange Commission filing.

This latest purchase brings the company's bitcoin holdings up to approximately 140,000, worth roughly $4 billion at the current price of $28,500. The overall average purchase price on those holdings is $29,803.

On March 27, MicroStrategy disclosed the purchase of 6,455 bitcoin for $161 million in the previous five weeks. At that time, the company also said it paid off what was left of its $205 million loan from failed Silvergate Bank.

MSTR is higher by 1.2% premarket alongside bitcoin's 1% overnight gain.

Edited by Stephen Alpher.

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Oliver Knight
Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Follow @OKnightCrypto on Twitter

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