MicroStrategy adds another 1,045 Bitcoin ( $77,269.00 ) to its growing crypto treasury

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MicroStrategy, the American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin ( $77,269.00 ) (BTC) for approximately $29.3 million at an average price of $28,016 per BTC. This news was announced in a tweet by Microstrategy’s executive chairman, Michael Saylor, on April 5.

MicroStrategy has acquired an additional 1,045 # Bitcoin ( $77,269.00 ) for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 Bitcoin ( $77,269.00 ) 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

As of April 5, 2023, MicroStrategy holds a total of 140,000 Bitcoin ( $77,269.00 ) , which were acquired for approximately $4.17 billion at an average price of $29,803 per BTC. This news comes as a significant milestone for the company as it continues to invest in Bitcoin ( $77,269.00 ) as a reserve asset.

Number 14 on Cointelegraph’s Top 100 in crypto, Saylor has been an outspoken advocate for Bitcoin ( $77,269.00 ) and has been leading the charge for corporations to adopt the largest cryptocurrency as a strategic asset. Saylor has repeatedly stated that Bitcoin ( $77,269.00 ) is the most secure and reliable store of value that exists in the market today and that it offers a unique opportunity for businesses to protect their assets from inflation.

Saylor’s MicroStrategy recently repaid its Silvergate loan and bought 6,500 BTC at the end of March. The company’s Bitcoin ( $77,269.00 ) strategy appears to be a dollar cost averaging but with vast amounts of money. 

Related: Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing

MicroStrategy made its first Bitcoin ( $77,269.00 ) purchase in August 2020, and since then, the company has been consistently adding to its holdings. The latest purchase brings the total amount of Bitcoin ( $77,269.00 ) owned by MicroStrategy to over $12.6 billion, which is a testament to the company’s confidence in the long-term potential of the cryptocurrency.



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