MicroStrategy Snaps up 4,167 More Bitcoins

MicroStrategy Snaps up 4,167 More Bitcoins

(SEC) MicroStrategy has bought 4,167 BTCs worth $190.5 million to take total ownership to 129,218 Bitcoins.

The bitcoin buys happened between February 15 and April 4, with the company paying $45,714 per BTC.

MicroStrategy’s BTC buys across the 49-day period now averages 85 a day, an increase from 20 it bought per day between December 30, 2021 and January 31, 2022. 

The continued Bitcoin addition happens when the price of the largest cryptocurrency has been surging. CEO Michael Saylor has in the past said he holds BTC in the long term and has no intentions to sell it.

With 129,218 BTCs, MicroStrategy’s total ownership is now around $6 billion at the current bitcoin price of around $46,700.

BTCUSD is down -0.12%.

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