MicroStrategy adds another 1,045 Bitcoin to its growing crypto treasury

MicroStrategy, the American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (BTC) for approximately £29.3 million at an average price of £28,016 per BTC. This news was announced in a tweet by Microstrategy’s executive chairman, Michael Saylor, on April 5.

MicroStrategy has acquired an additional 1,045 #bitcoin for ~ £29.3M at an average price of £28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~£4.17 billion at an average price of £29,803 per bitcoin. £MSTR https://t.co/IBufTxalnv

— Michael Saylor? (@saylor) April 5, 2023

As of April 5, 2023, MicroStrategy holds a total of 140,000 Bitcoin, which were acquired for approximately £4.17 billion at an average price of £29,803 per BTC.

This news comes as a significant milestone for the company as it continues to invest in Bitcoin as a reserve asset. Number 14 on Cointelegraph’s Top 100 in crypto, Saylor has been an outspoken advocate for Bitcoin and has been leading the charge for corporations to adopt the largest cryptocurrency as a strategic asset. Saylor has repeatedly stated that Bitcoin is the most secure and reliable store of value that exists in the market today and that it offers a unique opportunity for businesses to protect their assets from inflation.

Saylor’s MicroStrategy recently repaid its Silvergate loan and bought 6,500 BTC at the end of March. The company’s Bitcoin strategy appears to be a dollar cost averaging but with vast amounts of money.  Related: Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing

MicroStrategy made its first Bitcoin purchase in August 2020, and since then, the company has been consistently adding to its holdings.

The latest purchase brings the total amount of Bitcoin owned by MicroStrategy to over £12.6 billion, which is a testament to the company’s confidence in the long-term potential of the cryptocurrency.

Tags:

germaine-de-capuccini listed on couponmatrix.ukhello-fresh listed on couponmatrix.ukluxury-escapes listed on couponmatrix.ukproviz listed on couponmatrix.uksimply-scuba listed on couponmatrix.uktravelrepubliccouk listed on couponmatrix.uk
germaine-de-capuccini listed on couponmatrix.ukGermaine de Capuccini is a luxurious skincare brand that offers high-quality products at reduced price with Germaine de Capuccini discount codes. The brand's philosophy is based on the idea that beauty comes from within, and their products are designed to nourish and revitalize the skin. Germaine de Capuccini's discount code can be used on their website or at select retailers. With this code, you can enjoy savings on some of their most popular products. At Groupon, we understand that saving money is important to our customers. That's why we work hard to find discount codes for Germaine de Capuccini products. We search high and low for the best deals, so you can feel confident that you're getting the best possible price on your purchase. Whether you're looking for a facial cleanser, toner, moisturizer, or serum, we'll help you find a discount code that will save you money. One of Germaine de Capuccini's most popular products is the Revitalizing Eye Cream. This cream is designed to reduce the appearance of fine lines and wrinkles around the eyes. It also helps to brighten and tighten the skin. You can use Germaine de Capuccini's voucher code on their website or at select retailers to get a discount on this product. With this code, you can enjoy savings on this popular product and many more products.
hello-fresh listed on couponmatrix.ukIf you’re ever stuck for ideas of what to cook or find yourself lacking the motivation to plan your weekly meals and then go and pick up all the ingredients, then you have found the right place. HelloFresh solve dinner dilemmas by delivering fresh ingredients and recipes direct to your door. Customise your menu from the Hello Fresh recipe options, choose your delivery time and you’ll receive a box filled with all the ingredients you need to make the recipes you’ve chosen. When you use HelloFresh offers you’ll enjoy money off on a whole load of items. With a flexible subscription you can order as much or as little as you want every week, so you’ll never have to worry about what’s for dinner again.
luxury-escapes listed on couponmatrix.ukLive life in the luxury lane with incredible travel experiences at Luxury Escapes. Offering five-star treatment at affordable prices, you’ll stay at the most stunning hotels and villas, fly in style and uncover the world’s most unforgettable day tours, activities and events. Whether you’re booking a staycation in Cornwall or Manchester, or plotting an international tour of Thailand or Bali, you’ll need a Luxury Escapes promo code to get your dream holiday for less. Cross a few destinations off your bucket list with one of Luxury Escapes’ handpicked adventures. There’s a price match guarantee and the chance to earn credit when you refer a friend, so there’s no reason not to book your break with Luxury Escapes.
proviz listed on couponmatrix.ukCross-country runners to inner-city cyclists will appreciate the quality sportswear you can grab at Proviz Sports. With a dedication toward making every amateur athlete feel comfortable and capable of pushing themselves to the limit, you need only a Proviz Sports discount code to perform at your best on a budget. Exercise is hard enough to maintain, so give yourself a fighting chance and keep yourself in comfort with clothing from Proviz Sports.
simply-scuba listed on couponmatrix.ukGet out and explore the ocean with Simply Scuba. They are the UK’s leading supplier of all things scuba diving and underwater exploring. With your Simply Scuba discount code you can bring home everything you need to explore the ocean without breaking the bank. Whether you like free diving, deep sea excursions, or pottering around the shallows, Simply Scuba have everything you need. Get equipped from head to toe so you can hit the sea swimming.
travelrepubliccouk listed on couponmatrix.ukTravel Republic is the home for great-value holidays, whether you’re seeking a quick weekend getaway, a leisurely sun-soaked retreat or an exploration of various European cities. Secure your next journey at an incredibly affordable price and start looking forward to a well-earned respite from the demands of everyday life. Travel Republic sources all the best travel deals, including flights, hotels and packages, across sought-after destinations such as Spain, Greece, the Caribbean, Japan and the USA. Wherever you’re heading, put your holiday in the calendar for less using a Travel Republic discount code. With the aid of one of Travel Republic’s amazing offers, whether you’re embarking on a solo adventure or travelling with family, planning a tranquil beachside holiday or a thrilling wintery escape, rest assured that you will always secure the most competitive price.