- MicroStrategy is the world’s largest public holder of Bitcoin.
- Documents show the company recently bought another 1,045 BTC for $29.3million, days after purchasing 6,455 BTC for $150 million.
- MicroStrategy now holds 140,000 bitcoin acquired for $4.17 billion at an average of $29,803.
MicroStrategy has recently made another move to increase its Bitcoin holdings, with the company announcing the purchase of an extra 1,045 BTC for $29.3 million.
The Bitcoin was acquired between March 24, 2023 and April 4, 2023, according to details in the Form 8-K filing on 5 April, with the firm now holding a total of 140,000 BTC.
MicroStrategy Bolsters Bitcoin Holdings After US Government Sells 9,861 BTC
MicroStrategy’s most recent buy comes not long after MicroStrategy founder Michael Saylor declared the business intelligence software firm had bought 6,455 BTC for $150 million. That acquisition was made at an average of $23,238 a coin and saw the world’s largest public holder of Bitcoin bring its total holdings to 138,955 BTC.
On Wednesday, Saylor declared the company had purchased the 1,045 BTC at the average price of $28,016 per coin. The US-based company now holds 140,000 BTC acquired for approximately $4.17 billion and at an average price of $29,803 per BTC.
MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv
— Michael Saylor⚡️ (@saylor) April 5, 2023
MicroStrategy has added to its bitcoin stockpile frequently since 2020, with many purchases executed during price dips. This most recent buy notably happened a few days after the US government sold over $215 million worth of BTC.
As CoinJournal reported last week, the US government said it sold 9,861.17 BTC connected to the closed darknet market Silk Road on 14 March. The US also announced plans to sell an additional 41,490 BTC in four batches throughout 2023, with the total sales amounting to 51,351 bitcoin that was seized James Zhong.
Bitcoin was trading around $28,497 at 9:26 am ET on Wednesday, up 84% year-to-date. The MicroStrategy stock closed near $299 on Tuesday, with MSTR up more than 105% YTD.