MicroStrategy buys $3.8 billion worth of Bitcoin

Average acquisition price of $28,016

US business intelligence firm MicroStrategy announced on the 5th that it had purchased $29.3 million worth of cryptocurrency Bitcoin (BTC).

MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. @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

The company purchased 1,045 BTC in this operation. Additional purchases were completed at an average acquisition price of $28,016. This increased the company’s holdings of bitcoins to 140,000 and pushed the overall average acquisition cost down to $29,803 from the previous $29,817 (March 27).

The last time the buyback was announced was in March, when the company used $150 million in funds to buy 6,455 BTC.

connection: US Micro Strategy buys about 20 billion yen worth of Bitcoin

He also said that $4.17 billion has been spent on bitcoin purchases so far.

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