MicroStrategy acquired 6,555 Bitcoin for around US$150 million, at an average price of US$23,238 per coin, between Feb. 16 and March 23, said Michael Saylor, MicroStrategy’s co-founder and executive chairman.
See related article: MicroStrategy’s share price hits 2-month high following Saylor reshuffle
Fast facts
The company holds around 138,955 worth of Bitcoin, acquired for some US$4.14 billion, at an average price of US$29,817 per Bitcoin, according to Saylor’s announcement Monday.
MicroStrategy is the world’s largest corporate Bitcoin holder, followed by Marathon Digital Holdings that has an estimated 12,232 Bitcoin on its balance sheet, according to BitcoinTreasuries .
Saylor also added that his company repaid its US$205 million Bitcoin-collateralized loan to Silvergate bank in full, at a 22% discount.
Saylor stepped down from his role as CEO to become executive chairman last August, to focus more on the company’s “Bitcoin acquisition strategy and related Bitcoin advocacy initiatives.”
Microstrategy’s shares fell 0.21% during the day to trade at US$256,67 at 9:00 p.m. in Hong Kong. Its share price has risen 60% since the start of the year, while Bitcoin values strengthened 67% in the same period.
See related article: Vitalik Buterin calls MicroStrategy’s Michael Saylor a ‘total clown’
License.
Related News
Search about Crypto News
The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.
Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!
We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.
| LEARN MORE ABOUT |
-
BITRSS | Submit Your Crypto NEWS
BitRss.com not only Update the Sources several time a day and allow Visitors to follow and comment on the latest News; We accept submissions of your own Bitcoin or related Crypto stories.
Our Team will evaluate in depth, human touch, if the Rss and Feeds Sources, will be in line with our policy.
( Change privacy settings )
Please support BitRss.com: if you like it, share your favorite News to your Socials!
Today Most Popular News
-
![]()
Influencer ‘Luxe Crypto’ Hypes BlockDAG’s Tech Expertise and Explosive $23.6M Presale, Stunning Pepe and Pyth InvestorsThe cryptocurrency world is thriving with worthy cryptos. Among these, the standout cryptos are Pepe, Pyth, and BlockDAG . BlockDAG is gaining...
-
![]()
Why Grayscale’s Bitcoin Spot ETF, Which Has Seen 78 Days of Outflows, Is Starting to See Net Inflows? Here Are The TheoriesGrayscale's spot Bitcoin ETF recently broke its 78-day outflow streak, recording two days of net inflows in a row. The sudden change in the...
-
![]()
Macro headwinds could spur a ‘boring’ bitcoin summer — or something worseBitcoin is no longer merely that taboo thing your techie uncle awkwardly brings up at family gatherings. Well, maybe the asset is only that...
-
![]()
Fundstrat Co-founder Foresees $150,000 Bitcoin Price in 2024 and $500,000 in Five YearsDuring an appearance on CNBC’s “Squawk Box” on May 6, Tom Lee, the co-founder of Fundstrat Global Advisors, shared his...
-
![]()
Spectral Participates In Hugging Face’s Expert Support Program, Steps Closer To Advancing On-chain Open Source AI CommunitySpectral , an inference economy for Web3, announced today its participation in Hugging Face’s Expert Support Program, joining others in...
-
![]()
Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado CashThe hacker behind the attack on cryptocurrency exchange Poloniex in November 2023 recently transferred over 1,100 Ether (ETH) to sanctioned crypto...
-
![]()
In DOGE We Trust – The Wild Ride of the Original MemecoinDogecoin has always been a joke, but it’s a joke that keeps on giving. Despite being an 11 year old memecoin, Doge is one of the best...
-
![]()
SEC Chair Gary Gensler Calls Crypto ‘Outsized Piece of Scams, Frauds, and Problems in Our Markets’The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of...
-
![]()
Mode Network Initiates 550 Million Crypto Airdrop on OptimismMode Network, a modular decentralized finance (DeFi) Layer-2 solution built on the Optimism Stack, has launched its governance token, MODE....
-
![]()
AI Tokens ‘Preparing For Round 2’: Industry Shows 8% Growth With RNDR And FETExcluding Bitcoin, memecoins were the biggest narrative of this cycle. However, Artificial Intelligence (AI) tokens also performed remarkably...
