BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Microstrategy Acquires $301 More Bitcoin For $6 Million

BlockNews Team by BlockNews Team
September 23, 2022
in BUSINESS, CRYPTO, MEDIA, SOCIAL
Reading Time: 3 mins read
1
SHARES
10
VIEWS
Share on XShare in TelegramShare on Reddit

MicroStrategy, the software and data intelligence firm led by a staunch Bitcoin bull Michael Saylor, disclosed its latest batch of BTC purchases amid uncertain and bearish market conditions. This is confirmation yet again that the company is doubling down on its commitment to the big crypto despite concerns among investors over its position amid the unattractive price actions. 

MicroStrategy Now Holds 130,000 BTC

MicroStrategy’s executive chairman, Michael Saylor, announced through a Twitter post that the company had “purchased an additional 301 bitcoins for [approximately] $6.0 million at an average price of $19,851 per bitcoin.”

The software firm made this move when the leading cryptocurrency was underperforming in the past few months. In the last few weeks, Bitcoin dropped below $20K. On Monday, September 19, BTC prices fell to around $18,000, and MicroStrategy has taken advantage of these low levels to expand its position in the crypto market.

MicroStrategy (MTSR)is now the most prominent corporate holder of Bitcoin. The latest acquisition now raises the amount of Bitcoins held by the business intelligence cloud company to 130,000 BTC, up from 129,699 BTC at the end of the second quarter. Saylor confirmed this in his September 20 tweet, saying:

MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I

— Michael Saylor⚡️ (@saylor) September 20, 2022
Via @Saylor – Twitter

According to the Security and Exchange Commission (SEC), the software company acquired the latest batch of Bitcoins with excess cash at an average price of $19,851 per coin. The total purchase price for its Bitcoins is roughly $3.98 billion, at an average price of approximately $30,639 per Bitcoin, excluding the fees and expenses, according to the filing.

However, MicroStrategy stated that it could sell up to $500 million in its class A common stock to purchase more BTC.

In a September 17 tweet, the firm’s former CEO appeared to justify their BTC purchasing spree by comparing the performance of the MicroStrategy (MSTR) stock against that of major technology companies such as Netflix, meta, Google, and Microsoft. Saylor revealed that his firm had taken the lead against these rival companies since it “adopted the Bitcoin Standard.”

Saylor’s Focus Is On Bitcoin.  

After years at the helm of MicroStrategy, Michael Saylor recently stepped down as the company’s CEO. He took up the position of the executive chairman to focus more on the firm’s Bitcoin reserves.

In recent weeks, Saylor has been under pressure from the United States government, bringing a tax evasion lawsuit against him. The former Microstrategy CEO has made his admiration for Bitcoin public on many occasions; thus, he purchased thousands of Bitcoins for the software development company.

Other large BTC wallet addresses include those owned by Binance, holding 125,000 BTC, and BitFinex, which has 170,000 BTC. Saylor has also revealed that he holds Bitcoin. FXT CEO Sam Bankman -Fried and Binance CEO Changpeng Zao are holders too.

Bitcoin has lost over 72% of its value since hitting record highs of $69,000 in November 2021. The flagship cryptocurrency has gained 0.71% in the last 24 hours to trade at $ 19,000 after falling as low as $18,270 in the past couple of days.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBlockchaincryptoWeb3
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Bitcoin Holds $110K as Bulls Eye $131K Breakout
BITCOIN

Bitcoin Holds $110K as Bulls Eye $131K Breakout

September 2, 2025
Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important
CRYPTO

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 
CRYPTO

What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

September 2, 2025
Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump
CRYPTO

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase
BITCOIN

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?
CRYPTO

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Load More

Related News

Bitcoin Holds $110K as Bulls Eye $131K Breakout

Bitcoin Holds $110K as Bulls Eye $131K Breakout

September 2, 2025
Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

September 2, 2025
Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

September 2, 2025
Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews