The analytics-software provider MicroStrategy purchased an additional 480 BTC at an average price of around $20,817. This was announced by the founder and CEO of the company, Michael Saylor.
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. As of 6/28/22 @MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin. $MSTRhttps://t.co/leQYTXn817
— Michael Saylor⚡️ (@saylor) June 29, 2022
According to Saylor, as of June 28 MicroStrategy owns 129,699 BTC, acquired for $3.98 billion at an average price of $30,664.
Against the backdrop of the first cryptocurrency’s price collapse, the company’s “paper” loss from holding the bitcoins exceeded $1 billion.
Earlier in June, Saylor stated that MicroStrategy will continue to hodl digital gold even in poor market conditions, as the company’s investment strategy contemplates volatility and adverse conditions.
The CEO of the analytics-software provider is convinced that this approach will provide the company with a “bright future” for the coming years.
In March, MicroStrategy took out a $205 million loan to buy cryptocurrency. Earlier, Saylor said that Bitcoin would have to fall below $3,562 for the company to run out of digital assets to meet its obligations.
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