- MicroStrategy has purchased another 9,245 bitcoins for $623 million in cash, increasing its total bitcoin holdings to 214,246 BTC which represents over 1% of the total bitcoin supply.
- The latest purchase was made between March 11 and March 18, 2022 at an average price of $67,382 per bitcoin. The bitcoins were acquired using proceeds from a recent convertible senior notes offering and excess cash.
- MicroStrategy’s aggregate purchase price for all its bitcoin is now around $3.75 billion. Its holdings are worth over $13.5 billion and the average purchase price is $35,160 per bitcoin.
MicroStrategy, led by CEO Michael Saylor, has purchased another 9,245 bitcoins for $623 million in cash. This latest acquisition increases the company’s total bitcoin holdings to 214,246 BTC, which represents over 1% of the total bitcoin supply of 21 million coins.
Latest Bitcoin Purchase
MicroStrategy’s latest bitcoin purchase took place between March 11 and March 18, 2022. The bitcoins were acquired at an average price of $67,382 per bitcoin, including fees and expenses.
The company bought the 9,245 bitcoins using $592.3 million from the proceeds of a recent private offering of convertible senior notes, along with $30.7 million of excess cash on its balance sheet.
MicroStrategy’s Bitcoin Holdings
With its latest purchase, MicroStrategy’s aggregate purchase price for all of its bitcoin holdings is now around $3.75 billion. The current market value of the company’s bitcoin hoard is above $13.5 billion.
MicroStrategy’s average purchase price per bitcoin is around $35,160, including fees and expenses.
The company now holds over 1% of the total bitcoin supply, giving it a sizable position in the cryptocurrency. MicroStrategy and its CEO Michael Saylor have been aggressive buyers of bitcoin as part of the company’s corporate strategy.
Conclusion
MicroStrategy continues to accumulate bitcoin at a rapid pace, taking advantage of market dips. With its holdings of over 200,000 BTC, the company has established itself as one of the largest institutional holders of bitcoin in the world.
