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:

perfectdraft listed on couponmatrix.ukdc-shoes listed on couponmatrix.ukgolfbase listed on couponmatrix.ukgraham-and-brown listed on couponmatrix.ukmark-warner listed on couponmatrix.uksleepseeker listed on couponmatrix.uk
perfectdraft listed on couponmatrix.ukIt isn’t a party until the drinks arrive - at least that’s what Beer Hawk believes. Get all your favourite beverages for a bargain price when you use your Beer Hawk discount code on an order, and get it all delivered straight to the door for an even more stress-free solution to your drinks shopping. From craft ales to mixed and homebrews, you’re sure to find a flavour to suit your fiesta on the Beer Hawk site.
dc-shoes listed on couponmatrix.ukOn the feet of skateboarders, snowboarders and surfers near and far, DC Shoes are perfect for the laid-back lifestyle, chilling with friends and having good times. With a DC Shoes promo code in hand as you head to checkout with your uber cool new kicks you’ll be amazed at how much you’ll save! And that’s not all - DC Shoes has an impressive range of clothing too, with shirts, sweats, accessories and more all featuring the iconic logo.
golfbase listed on couponmatrix.ukCome to the course with all you need to succeed at Golfbase, the friendly hub for all your golfing essentials. Packed with clubs, clothing, shoes, sportswear and accessories, you need never visit anywhere else to kit yourself out for the course – especially when there’s a Golfbase discount code from Groupon to help you save. So next time you and your friends schedule in some time on the green, kit yourself from head to toe at Golfbase.
graham-and-brown listed on couponmatrix.ukGive your home the makeover it deserves with the exclusive wallpaper designs from Graham & Brown. Established since 1946, the Graham & Brown team know a thing or two about timeless style as well as contemporary classics. So grab your Graham and Brown discount code from us to stamp your personality on any room in the house! From collections inspired by nature to geometric shapes galore, you’ll find plenty to suit any taste or budget and elevate your interiors to the max.
mark-warner listed on couponmatrix.ukMark Warner is one of the UK's most loved tour operators, with over 50,000 guests flocking to its array of ski and beach resorts every year. For fun in the sun and excitement on the slopes, Mark Warner is the place to be. Enjoy the relaxed surroundings, top-rated faculties and excellent locations with one of our Mark Warner discount codes and discover your own piece of heaven for less. Over 50% of Mark Warner holidaymakers book again - isn't it time you discovered your special destination too?
sleepseeker listed on couponmatrix.ukIf a solid night’s sleep is your daily goal then you’ll find a welcome partner at Sleepseeker. Dedicated to offering the best-woven, most comfortable bedding for fellow sleep lovers, the brand is all too happy to hand the occasional Sleepwalker discount code to keep their customers well rested for less. Whatever you desire from your sleep, be it back support, feathery softness or simply a good pillow to rest your head, Sleepseeker has the means to make it yours.