MicroStrategy and Bitcoin (BTC) are in the news again and again. Michael Saylor’s firm has just made a new purchase of 4167 bitcoins, or about 190 million dollars, through its subsidiary MacroStrategy.
MicroStrategy buys back Bitcoin (BTC)
MicroStrategy is at it again, affirming its love for Bitcoin (BTC). We reported last week that Michael Saylor’s firm has taken out a $205 million loan through its subsidiary MacroStrategy in order to continue its regular purchases of bitcoins.
This Tuesday, April 5, 2022, MicroStrategy filed a report with the Securities and Exchange Commission (SEC) to report another massive purchase of BTC. Through its subsidiary MacroStrategy, the computer software company acquired an additional 4,167 BTC worth approximately $190.5 million.
According to information provided to the SEC, MicroStrategy acquired these new bitcoins at a price of approximately $45,714 during the period from February 15, 2022 to April 4, 2022.
MicroStrategy holds $6 billion of BTC
Since August 2020, MicroStrategy (along with all its subsidiaries) has regularly taken advantage of its cash position to make purchases of BTC. The most recent was in February 2022 and added an additional 660 bitcoins to the pool, at an average price of $37,865 per coin.
Thanks to this, Michael Saylor’s company has built up a large reserve of 129,218 bitcoins, valued at around $6 billion at the time of writing. Purchased for an average price of $30,700 each, these bitcoins represent an initial investment of $3.97 billion.
