MicroStrategy, led by Michael Saylor, has announced the acquisition of an additional 12,333 bitcoins, worth roughly $347 million. This move solidifies MicroStrategy’s position as a major player in the cryptocurrency market. The purchase was made between April 29 and June 27, with an average rate of approximately $28,136 per coin. This brings MicroStrategy’s total bitcoin holdings to 152,333 BTC, valued at nearly $4.6 billion. The company’s estimated average acquisition cost is $29,668 per bitcoin. Just two months prior, MicroStrategy purchased 1,045 bitcoins for $23.9 million. MicroStrategy’s top executives, including Saylor, remain strong supporters of bitcoin and have reaffirmed their commitment to the cryptocurrency. Bitcoin has seen an upward trend in its price, fueled by applications for spot bitcoin exchange-traded funds in the US, including one from BlackRock. Additionally, MicroStrategy reported strong financial performance in the first quarter of this year, with a net income of $461.2 million.
Continue reading on Crypto.news
By
By
By
By