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MicroStrategy Buys Another 1,045 Bitcoin for $23.9M

The company now holds 140,000 bitcoin worth about $4 billion.

By Oliver Knight
AccessTimeIconApr 5, 2023 at 12:36 p.m. UTC
Updated May 9, 2023 at 4:11 a.m. UTC
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Michael Saylor's MicroStrategy (MSTR) purchased an additional 1,045 bitcoin (BTC) for a total of $23.9 million, or an average price of $28,016, between March 23 and April 4, according to a Securities and Exchange Commission filing.

This latest purchase brings the company's bitcoin holdings up to approximately 140,000, worth roughly $4 billion at the current price of $28,500. The overall average purchase price on those holdings is $29,803.

On March 27, MicroStrategy disclosed the purchase of 6,455 bitcoin for $161 million in the previous five weeks. At that time, the company also said it paid off what was left of its $205 million loan from failed Silvergate Bank.

MSTR is higher by 1.2% premarket alongside bitcoin's 1% overnight gain.

Edited by Stephen Alpher.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Oliver Knight
Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Follow @OKnightCrypto on Twitter

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