HomeNewsMicroStrategy procures additional $191M in Bitcoin

MicroStrategy procures additional $191M in Bitcoin

- Advertisement -


Business Intelligence firm MicroStrategy has revealed its Bitcoin purchase for the months of February and March, and it did not disappoint. The company announced in a regulatory filing Tuesday that it has procured another $190.5 million worth of Bitcoin through its subsidiary MacroStrategy.

In total, the Nasdaq-listed firm acquired 4,167 BTC at an average price of $45,714 per bitcoin between February 15, 2022, and April 4, 2022. With the latest purchase, MicroStrategy now holds 129,218 bitcoins, acquired at an “aggregate purchase price of approximately $3.97 billion and an average purchase price of approximately $30,700 per bitcoin.”

At the time of writing, MicroStrategy’s total Bitcoin holding is equivalent to about $5.9 billion, given the currency’s current price levels of $45,827. The company last revealed its holding in February when it purchased $25 million worth of Bitcoin.

Funding for the latest purchase likely came from Silvergate Bank, which recently provided a loan of $205 million to MacroStrategy. MacroStrategy obtained the funds by collateralizing $820 million worth of bitcoin for the interest-only term loan. At the time, the company said it will use the loan to accumulate more bitcoins.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 23,017.17
ethereum
Ethereum (ETH) $ 1,687.45
tether
Tether (USDT) $ 0.999075
bitcoin-cash
Bitcoin Cash (BCH) $ 140.83
litecoin
Litecoin (LTC) $ 61.32
eos
EOS (EOS) $ 1.23
okb
OKB (OKB) $ 18.19
tezos
Tezos (XTZ) $ 1.89
leo-token
LEO Token (LEO) $ 4.99
cardano
Cardano (ADA) $ 0.516513
monero
Monero (XMR) $ 169.63
stellar
Stellar (XLM) $ 0.124069
chainlink
Chainlink (LINK) $ 7.78
huobi-token
Huobi (HT) $ 4.35
tron
TRON (TRX) $ 0.069858
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 54.29
neo
NEO (NEO) $ 11.41
iota
IOTA (MIOTA) $ 0.348984
nem
NEM (XEM) $ 0.051795
zcash
Zcash (ZEC) $ 72.07
maker
Maker (MKR) $ 1,091.34
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 37.74
vechain
VeChain (VET) $ 0.03121
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX (FTT) $ 30.33
kucoin-shares
KuCoin (KCS) $ 10.52
waves
Waves (WAVES) $ 6.06