MicroStrategy buys an additional $190 million worth of bitcoin
The publicly-traded company MicroStrategy has acquired an additional 4,167 BTC worth around $190.5 million, according to an April 5 filing with the SEC.
MicroStrategy acquired the new holdings at an average price of $45,714 between February 15, 2022 and April 4, 2022.
As of April 5, the company and its subsidiaries hold approximately 129,218 bitcoins, with MicroStrategy holding around 115,110.
The bitcoins “were acquired at an aggregate purchase price of approximately $3.97 billion and an average purchase price of approximately $30,700 per bitcoin,” according to the filing.
The firm made big purchases at the end of 2020 and at the start of 2021. In September, the company purchased another 5,050 bitcoin, holding 114,042 BTC, The Block wrote at the time.
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Author: Anushree Dave
