MicroStrategy : Additional Bitcoins for $150 Million
Bitcoin and altcoins

MicroStrategy : Additional Bitcoins for $150 Million

In a filing with the Securities and Exchange Commission (SEC) on Monday, the company Microstrategy said the 6,455 Bitcoins were acquired between February 16 and March 23.

MicroStrategy continues its strategy of acquiring and accumulating Bitcoins, it has just acquired an additional 6455 BTC for about $150 million, around $23238 per Bitcoin purchased.

As usual, it was MicroStrategy founder and former CEO Michael Saylor who announced the news on Twitter.

The company now holds 138,955 BTC, which is about $4 billion at the current Bitcoin price of $27635, click here to follow the BTC price in real time.

MicroStrategy had announced in the past that it would continue to accumulate Bitcoin regardless of the level of the BTC price.

Between February 16 and March 23, 2023, the company purchased its last batch of Bitcoin. MicroStrategy made its previous Bitcoin purchase in late December 2022 for $42.8 million, at an average price of $17,181 per coin for the period of Nov. 1 to Dec. 21. This transaction is the company’s first in 2023.

The most recent information indicates that the company issued and sold a total of 1,348,855 shares under the sale agreement for a total net profit of approximately $339 million.

This leaves MicroStrategy as the world’s largest privately held Bitcoin company with nearly 139,000 BTC in its digital vaults.

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