Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins 
Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion.
Microstrategy Buys Another Batch of Bitcoins
Microstrategy has begun acquiring bitcoin (BTC) again, after purchasing 6,455 bitcoins for $150 million on March 27. On April 5, the firm’s CEO announced that it had acquired an additional 1,045 bitcoins, bringing the company’s total holdings to 140,000 BTC. The publicly traded company now has the largest stockpile of bitcoins of any firm worldwide, representing 0.667% of the 21 million BTC supply cap.
“Microstrategy has acquired an additional 1,045 bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin,” Saylor tweeted on Wednesday. “As of 4/4/2023 Microstrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin.”
The publicly traded company with the second-largest holding of BTC is Galaxy Digital, with 40,000 BTC. Microstrategy’s stockpile of bitcoins is the same size as Block.one’s and 1,686 BTC smaller than the Mt. Gox bitcoins held by the bankruptcy court trustee in Tokyo. Microstrategy has been acquiring bitcoins since August 2020 and has employed the dollar-cost averaging (DCA) strategy for its investments.
Tags in this story Alternative Investment, asset allocation, Assets, Bitcoin, block.one, Blockchain, business intelligence, Cryptocurrency, cryptocurrency holdings, Decentralized, Digital Currency, Diversification, Dollar-Cost Averaging, Finance, financial performance, Financial Technology, Galaxy Digital, global currency, institutional investors, investment, market, Market Capitalization, michael saylor, microstrategy, Mt Gox, Portfolio, publicly traded company, risk management, secure, Speculation, stockpile, Strategy&, valuation, Volatile
What do you think the future holds for Microstrategy’s Bitcoin investment strategy? Let us know your thoughts in the comments.
Jamie Redman
Bitcoin Stamps Emerge as New Image-Storage Trend on the Bitcoin Blockchain, Over 8,000 Stamps Minted So Far NEWS | 2 hours ago 
China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says NEWS | 8 hours ago
Image Credits: Shutterstock, Pixabay, Wiki Commons
Previous article
Bitcoin Stamps Emerge as New Image-Storage Trend on the Bitcoin Blockchain, Over 8,000 Stamps Minted So Far
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimerShow comments
More Popular News
In Case You Missed It
Ripple CEO: SEC Lawsuit Over XRP ‘Has Gone Exceedingly Well’
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP “has gone exceedingly well.” He stressed: “This case is important, not just for Ripple, it’s … read more.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether