To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses. Ali’s work has been published on a number of cryptocurrency publications. At the time of purchase, Bitcoin was trading at a market value of $52,765 per Bitcoin. MicroStrategy paid $2.24 billion for its Bitcoin with an average price paid of $24,403. In the first quarter of 2021, the firm has raised over $1 billion, which was invested by increasing its Bitcoin holdings. Trusted & Independent Cryptocurrency & Blockchain News. Nasdaq OMX-listed Company NPInvestor Launches Crypto Brokerage, CPH Crypto. Reasons to be worried. 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MicroStrategy has been gradually looking for ways to increase its Bitcoin holdings since 2021. This marks the fourth time the firm would purchase Bitcoin, bringing its total holding to 90,531 BTC worth $4.78 billion at the time of writing. Remember, all trading carries risk. Currently, MicroStrategy accumulated a total of 91,579 BTC in its portfolio, all of which it had acquired for a whopping $2.226 billion, at an average price of $24,311 per unit of bitcoin. Ditching dollars for Bitcoin is a bold move that instantly turned MicroStrategy into an influential force in the crypto currency world. 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The $1 billion-purchase is the largest single investment by a known and publicly traded company in the U.S., except for Tesla which parted ways with $1.5 billion in exchange for bitcoins on its balance sheet. This was not including Saylor’s own Bitcoin purchases for his personal portfolio. Bitcoin’s latest price slump wiped out over $100 million in value from MicroStrategy’s crypto portfolio. 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The CEO of this company, Michael J. Saylor, has released this announcement noting that the firm currently has around 91,579 Bitcoin. MicroStrategy Inc. disclosed Tuesday that it just spent $10.9 million to buy 229 bitcoins, at an average price of $43,663 per bitcoin, including fees. I … You may recall that MicroStrategy announced its initial $250 million BTC investment in August, and they stated in a press release that Bitcoin is a better store of value asset class compared to fiat currencies. The CEO also pointed out the ‘Bitcoin for Corporations’ feature offered at MicroStrategy World. MicroStrategy is a business analytics company that provides “software solutions and expert services that empower every individual with actionable intelligence.” However, since a growing proportion of its portfolio is represented by crypto, its stock has been trading more like one. Shares of MicroStrategy (NASDAQ: MSTR) were falling today in tandem with a broader slide in cryptocurrencies, in particular Bitcoin (CRYPTO: BTC). Here is an interesting observation. MicroStrategy Bitcoin surge can only be traced to the rise in Bitcoin price over the past weeks. Australian Senate Committee Proposes a National Blockchain Land Registry. The king of crypto price has continued to go up, hitting it yearly high of $14k. MicroStrategy has announced that it currently holds 91,000 Bitcoin. Copyright © CryptoGazette 2021 The capital had then been used to expand its Bitcoin holdings, which currently surpasses 91,000 BTC. ET https://cryptogazette.com/microstrategy-boosts-portofolio-to-425m-in-btc Required fields are marked *. Michael Saylor, the founder and CEO of the Nasdaq-listed company MicroStrategy, has revealed that he personally HODLs nearly 18,000 bitcoins. This is especially during the world crisis in the middle of which we are these days. The firm also stated that it was looking to investing more in its Bitcoin portfolio in the coming years. Saylor concluded that the firm was still in the process of buying and holding Bitcoin to create value for their shareholders.
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