MicroStrategy Acquires 12,333 BTC for $350M—Bitcoin Surges at $28K

By Lola Coin Jun 28, 202363Views

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MicroStrategy, led by the prominent Bitcoin advocate Michael Saylor, has made a substantial purchase of approximately $350 million worth of Bitcoin (BTC). Saylor shared this news on Twitter, revealing that MicroStrategy had acquired an additional 12,333 BTC for $347 million. The company made this purchase at an average price of $28,136 per Bitcoin. This recent acquisition brings MicroStrategy’s total Bitcoin holdings to 152,333 BTC, which were acquired for a total of $4.52 billion. The average price per Bitcoin in their portfolio stands at $29,668. With this purchase, MicroStrategy maintains its position as the largest corporate holder of BTC globally. The announcement of this significant investment in Bitcoin by a well-known company like MicroStrategy raises questions and curiosity due to its size and influence in the cryptocurrency market.

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