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Jafrin Ahmed
Apr 6, 2022
by Jafrin Ahmed

MicroStrategy Adds Another 4,197 BTC to Balance Sheet

MicroStrategy BTC
Business-intelligence software company, MicroStrategy (MSTR) has bought another 4,167 BTC for around $190.5 million. The purchase was made through the company’s subsidiary, MacroStrategy subsidiary.

MicroStrategy Buys Fresh 4,197 BTC

According to an update on the official MicroStrategy website, business intelligence behemoth, MicroStrategy brought another round of the flagship cryptocurrency for $190 million.

The purchases took place between February 15 and April 4, according to a company statement on Tuesday, for an average price of $45,714 per bitcoin.

“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,” MicroStrategy CEO, Michael Saylor wrote in a tweet.

The acquisition comes on the heels of a recent announcement from the company that it had borrowed about $205 million to purchase more Bitcoin (BTC). The loan agreement was with crypto bank Silvergate Capital which used MicroStrategy’s existing BTC holdings as collateral.

MicroStrategy first bought bitcoin in August 2020. The latest purchase strengthens its position as the largest known corporate holder of bitcoin, which it has achieved through a mix of self-funding and borrowing.

The company’s total bitcoin holdings now stand at 129,218 BTC acquired for $3.97 billion at an average price of $30,700 per bitcoin.

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MicroStrategy Adds Another 4,197 BTC to Balance Sheet
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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