MicroStrategy redeems Bitcoin (BTC)
MicroStrategy stacks up again and reaffirms his love for Bitcoin (BTC). We were talking about it last week, the firm of Michael Saylor took out a $205 million loan through its subsidiary MacroStrategy with a view to continuing its regular purchases of bitcoins.
This Tuesday, April 5, 2022, MicroStrategy filed a report with the Securities and Exchange Commission (SEC) to report a massive new purchase of BTC. Through its subsidiary MacroStrategy, the computer software publishing company acquired an additional 4,167 BTC worth approximately $190.5 million.
According to information provided to the SEC, MicroStrategy acquired these new bitcoins at a price of $45,714 approximately, during the period from February 15, 2022 to April 4, 2022.
? To learn more, find our complete guide on how to buy Bitcoin (BTC)
MicroStrategy holds $6 billion worth of BTC
Since August 2020, MicroStrategy (along with all of its subsidiaries) has regularly taken advantage of its cash to make purchases of BTC. The latest dates back to February 2022 and added 660 additional bitcoins to reserve, for an average price of $37,865 per piece.
Thanks to this, the company of Michael Saylor was constituted a large reserve of 129,218 bitcoins, valued around $6 billion at the time of writing. Purchased for an average price of $30,700 per unitthese bitcoins represent an initial investment of $3.97 billion.
? To find out more, find our complete guide on how to buy Bitcoin (BTC)?
Source: SEC, The Block
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About the Author : Lilian Aliaga
Freelance writer located between Paris and Toulouse. I want to share my passion for the world of cryptocurrencies to as many people as possible. I am also interested in technical analysis and trading.
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