Microstrategy Bitcoin Holdings Hit 140,000 BTC After Acquiring 1,045 More Bitcoins – Bitcoin News

Nine days after public company Microstrategy bought 6,455 bitcoins, the company’s CEO Michael Saylor announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins worth $3.97 billion.

Microstrategy buys another batch of bitcoins

Microstrategy has started acquiring bitcoin (BTC) again after buying 6,455 bitcoins for $150 million on March 27. On April 5, the company’s CEO announced that it had acquired an additional 1,045 bitcoins, bringing the company’s total holdings to 140,000 BTC. The publicly traded company now has the largest Bitcoin supply of any company in the world, equivalent to 0.667% of the 21 million BTC supply cap.

“Microstrategy has acquired an additional 1,045 bitcoin for ~$29.3 million at an average price of $28,016 per bitcoin,” Saylor tweeted Wednesday. “As of 4/4/2023, Microstrategy holds 140,000 bitcoins purchased for ~$4.17 billion at an average price of $29,803 per bitcoin.”

The public company with the second largest BTC holding is Galaxy Digital with 40,000 BTC. Microstrategy’s bitcoin stash is the same size as Block.one’s and 1,686 BTC smaller than the Mt. Gox bitcoins held by the Tokyo Bankruptcy Court Trustee. Microstrategy has been acquiring Bitcoins since August 2020 and applies the Dollar Cost Averaging (DCA) strategy to its investments.

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Alternative Investment, Asset Allocation, Assets, Bitcoin, block.one, Blockchain, Business Intelligence, Cryptocurrency, Cryptocurrency Holdings, Decentralized, Digital Currency, Diversification, Dollar Cost Averaging, Finance, Financial Performance, Financial Technology, Galaxy Digital, Global Currency, Institutional Investors , Investment, Market, Market Cap, Michael Saylor, Micro Strategy, Mt. Gox, Portfolio, Publicly Listed Company, Risk Management, Hedging, Speculation, Stock, Strategy &, Valuation, Volatile

What do you think the future holds for Microstrategy’s Bitcoin investment strategy? Let us know your thoughts in the comments.

Jamie Redman

Jamie Redman is the news director at Bitcoin.com News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about today’s emerging disruptive protocols.

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