MicroStrategy’s subsidiary bought $190,5 million worth of bitcoins
The total value of bitcoins in MicroStrategy’s reserve is $3,97 billion
05.04.2022 - 16:15
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What’s new? MicroStrategy’s subsidiary, MacroStrategy, bought 4167 bitcoins for $190,5 million (at the exchange rate of $45 714). This was announced by the company’s founder Michael Saylor. As of April 4, MicroStrategy has 129 218 BTC worth $3,97 billion in reserves. The average purchase price per BTC is $30 700.
What preceded it? In March 2022, MacroStrategy raised a $205 million loan from Silvergate Bank, secured by its digital assets. The purpose of this funding is the purchase of bitcoins.
Earlier, crypto analyst Nicholas Merten noted that “whales” and institutional investors who accumulate the cryptocurrency are behind bitcoin’s rise.
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