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:

flexicover-insurance listed on couponmatrix.ukmicralite listed on couponmatrix.uknetflights listed on couponmatrix.ukrosetta-stone listed on couponmatrix.uktravelzoo listed on couponmatrix.ukurbanara listed on couponmatrix.uk
flexicover-insurance listed on couponmatrix.ukFlexicover are the UK's Number One direct travel insurance retailer, making them the first name that comes to mind for millions of satisfied customers. Whether you're travelling for business or pleasure they have access to the best deals on the market with minimal overheads and economies of scale that combine to give you enormous savings. Use the Flexicover Discount Code and you're guaranteed to benefit from complete peace of mind at an exceptional price, freeing up cash to spend on gourmet restaurants, spa experiences and other travel luxuries you'd never normally be able to afford.
micralite listed on couponmatrix.ukMicralite creates award-winning travel buggies, cots and car seats, so travelling with your little one feels as smooth as can be. Crafted by engineers and parents, most Micralite buggies and prams are designed for babies from birth up to around three years old, so a Micralite travel system should take them up to their first steps and beyond! Life is expensive enough for new parents, so we’ve scooped up the latest Microlite discount codes and offers to help you save money on the essentials. Grab an offer from us and pick up a pram knowing you’re also covered by the Micralite three-year warranty.
netflights listed on couponmatrix.ukFor amazing holidays at prices you won’t believe, Netflights is the place to be. Take advantage of its low-cost, one-stop-shop, combine with a Netflights voucher code from us, and your next dream holiday could be a reality sooner than you think. Offering the very best prices on the web, you can even book your car hire, airport extras and more directly through Netflights too!
rosetta-stone listed on couponmatrix.ukThe only truly twenty first century language tuition provider in the world, Rosetta Stone have made it incredibly quick and painless for millions to master foreign languages. Their approach uses a wide array of digital aids including speech recognition software and interactive games, and it's all very affordable thanks to the Rosetta Stone promo code. Prior to their approach the only way to pick up a language was to live in the country where it's spoken - but Rosetta Stone have turned digital technology to their advantage without resorting to gimmickry, and millions of satisfied customers are enjoying the benefits.
travelzoo listed on couponmatrix.ukTravelzoo are experts in finding the best deals to get you around the world for less. They have over 28 million members across the globe all using, sharing and traveling. With your Travelzoo promo code you can save even more! Take a trip across the pond and visit New York, soak up the sun in Bali or take the family to Disneyland, all at discounted prices, and book the holiday of a lifetime, without breaking the bank.
urbanara listed on couponmatrix.ukUrbanara is a contemporary home furnishings brand with a focus on quality, craftsmanship and sustainability. Whether you're looking for a new bedding set, a cozy throw blanket, or some stylish new towels, Urbanara has everything you need to make your home look its best. And with our Urbanara voucher codes, you can get all of that and more for less. So don't wait any longer, start shopping at Urbanara today and see how much you can save! At Groupon, we know that saving money is important to our customers. That's why we work hard to find the best voucher codes and discounts for Urbanara products. We want to help you get the items you need and want without breaking the bank, and with our voucher codes, you can do just that. So whether you're looking for a new rug or a new set of dishes, be sure to check Groupon first for all the best deals on Urbanara products. If you're looking at using an Urbanara discount on one of their top-performing products, we highly recommend the Luxury Bamboo Towels. These towels are made from sustainable bamboo and are super soft and absorbent. They're also available in a variety of colours, so you can choose the perfect set for your bathroom. Our voucher code can be used to get an Urbanara discount on your next purchase, whether you're looking for new sofa cushions or some stylish new bedding. Thanks for choosing Urbanara!