MicroStrategy buys 4,167 BTC for $190.5 million

MicroStrategy’s division, MacroStrategy, bought 4,167 BTC for $190.5 million. This was announced by founder and CEO Michael Saylor.

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MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI

— Michael Saylor (@saylor) April 5, 2022

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He said the average price per bitcoin was about $45,714. MicroStrategy now holds 129,218 BTC in its reserves. The company published an SEC filing with details of the deal on its website.

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According to Bitcoin Treasuries, the total value of the digital gold in MicroStrategy’s reserves is about $6.09 billion.

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Earlier, the company took out a loan for $205 million secured against its cryptocurrency holdings. The loan was officially described as intended to fund further bitcoin purchases.

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Earlier, Glassnode noted the continuation of the trend toward Bitcoin accumulation among whales. Among the companies showing active demand for the leading cryptocurrency, they named MicroStrategy.

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