Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-04-06 10:35:10

MicroStrategy Adds Another 4,197 BTC to Balance Sheet

Business-intelligence software company, MicroStrategy (MSTR) has bought another 4,167 BTC for around $190.5 million. The purchase was made through the company’s subsidiary, MacroStrategy subsidiary. MicroStrategy Buys Fresh 4,197 BTC According to an update on the official MicroStrategy website, business intelligence behemoth, MicroStrategy brought another round of the flagship cryptocurrency for $190 million. The purchases took place between February 15 and April 4, according to a company statement on Tuesday, for an average price of $45,714 per bitcoin. “MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of $45,714 per bitcoin. As of 4/4/22 MicroStrategy hodls ~129,218 bitcoins acquired for $3.97 billion at an average price of $30,700 per bitcoin,” MicroStrategy CEO, Michael Saylor wrote in a tweet. MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI — Michael Saylor⚡️ (@saylor) April 5, 2022 The acquisition comes on the heels of a recent announcement from the company that it had borrowed about $205 million to purchase more Bitcoin (BTC). The loan agreement was with crypto bank Silvergate Capital which used MicroStrategy’s existing BTC holdings as collateral. ...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer