MicroStrategy’s analytics software provider has purchased an additional 6,455 BTC. This was announced by the company’s founder, Michael Saylor.
\n\n\n\n
MicroStrategy repaid its $205M Silvergate loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. https://t.co/ALp9VLkTpt
— Michael Saylor⚡️ (@saylor) March 27, 2023
According to a filing with the U.S. Securities and Exchange Commission, between February 16 and March 23, 2023, the company purchased about 6,455 BTC for roughly $150 million at an average price of $23,238.
\n\n\n\n
At the time of writing, MicroStrategy held 138,955 BTC worth $4.14 billion.
\n\n\n\n
According to the filing, the software provider repaid the Silvergate loan of $205 million at a 22% discount.
\n\n\n\n
\n\n\n\n
In December 2022, MicroStrategy additionally purchased 2501 BTC for $44.6 million. The previous investment occurred in September — 301 BTC for $6 million.
\n\n\n\n
Earlier, Saylor confirmed the plan for further purchases of digital gold, despite the ongoing decline in the cryptocurrency market.
\n\n\n\n
In February 2023, MicroStrategy raised $46.6 million through the sale of its securities since September 2022.