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MicroStrategy Announces Purchase of 5445 Bitcoins! MicroStrategy company announces, under the leadership of founder Michael Saylor, purchase 5445 pieces of Bitcoins . This recent purchase brings MicroStrategy’s Bitcoin portfolio to 158,245.
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▪️ According to the recent announcement, MicroStrategy, acquired 5,445 Bitcoin at an average price of $27,053, thereby making an investment of $147.3 million total. Now, in MicroStrategy’s Bitcoin portfolio, there are 158,245 BTC. To build this portfolio, a total of $4.68 billion was spent.
▪️ Microstrategy has just increased its Bitcoin holdings to 158,245 pieces with this purchase, also setting the total cost of Bitcoin for the company at $29,582.
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin. As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR https://t.co/GbJtUoQfXv
— Michael Saylor⚡️ (@saylor) September 25, 2023
▪️ For those who follow MicroStrategy’s steps in the world of cryptocurrency, this last move was an expected one. The company started its Bitcoin investments by making its first purchase in August 2020. From this date, the company has continued to accumulate Bitcoin determinedly, and it has not hesitated to use debt to finance some of its purchases.
▪️ This company generally comes into the picture with large amounts when it comes to Bitcoin purchases, resulting in a significant impact on the cryptocurrency market. Especially purchasing with debt shows the strong belief in Bitcoin by both the company and CEO Michael Saylor.
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