MicroStrategy Adds Another 4,197 BTC to Balance Sheet

Business-intelligence software company, MicroStrategy (MSTR) has bought another 4,167 BTC for around $190.5 million. The purchase was made through the company’s subsidiary, MacroStrategy subsidiary. MicroStrategy Buys Fresh 4,197 BTC According to an update on the official MicroStrategy website, business intelligence behemoth, MicroStrategy brought another round of the flagship cryptocurrency for $190 million. The purchases took place between February 15 and April 4, according to a company statement on Tuesday, for an average price of $45,714 per bitcoin. “MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of $45,714 per bitcoin. As of 4/4/22 MicroStrategy hodls ~129,218 bitcoins acquired for $3.97 billion at an average price of $30,700 per bitcoin,” MicroStrategy CEO, Michael Saylor wrote in a tweet. MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI — Michael Saylor⚡️ (@saylor) April 5, 2022 The acquisition comes on the heels of a recent announcement from the company that it had borrowed about $205 million to purchase more Bitcoin (BTC). The loan agreement was with crypto bank Silvergate Capital which used MicroStrategy’s existing BTC holdings as collateral. ...