Bitcoin

MicroStrategy Buys $190 Million Worth of Bitcoin at $45,714

04/05/2022
Bitcoin Ethereum News

The intelligence company – MicroStrategy – spearheaded by one of Bitcoin’s most vocal proponents, Michael Saylor, has bought Bitcoin once again.

  • The company has bought Bitcoin through its subsidiary – MacroStrategy – according to a recent release.
  • The news was broken by the CEO of the company and avid BTC supporter – Michael Saylor.
  • MacroStrategy bought a total of $190 million worth of BTC which translates to 4,167 bitcoin at an average price of $45,714.
  • As of today, the company owns a total of $129,218 BTC worth almost $4 billion. The average price of the acquisition is approximately $30,700.
  • CryptoPotato reported earlier in March that MacroStrategy – the subsidiary – has received a $205 million loan that’s collateralized by BTC holdings and that it attempts to use the funds to buy more bitcoins.
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Source: https://cryptopotato.com/microstrategy-buys-190-million-worth-of-bitcoin-at-45714/