MicroStrategy Purchases 22,048 Bitcoins for $1.92 Billion
According to the latest development, MicroStrategy purchased 22,048 Bitcoins at an average price of $86,969 from March 24 to March 30, making a total purchase of $1.92 billion.
With this latest purchase, the company’s total Bitcoin holdings reached 528,185 BTC, worth over $43 billion.
According to MicroStrategy co-founder and executive chairman Michael Saylor, the company’s average purchase price is currently $67,458 per BTC, and its total investment, including fees and expenses, is approximately $35.63 billion. This significant investment represents more than 2.5% of Bitcoin’s total supply of 21 million.
The latest acquisitions were funded with proceeds from the sale of MicroStrategy’s Class A common stock (MSTR) and perpetual strike preferred stock (STRK). The company sold 3,645,528 shares of MSTR last week, raising approximately $1.2 billion.
MicroStrategy reported that $2.37 billion worth of MSTR shares were available for issuance and sale under its current program as of March 30.
*This is not investment advice.
