MicroStrategy bought bitcoins for $347 million
Analyst software provider MicroStrategy purchased an additional 12,333 BTC. This was announced by the founder of the company Michael Saylor.
MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin. As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR https://t.co/joHo1gEnR0
— Michael Saylor (@saylor) June 28, 2023
According to a report to the US Securities and Exchange Commission, between April 29 and June 27, the company purchased $347 million worth of bitcoin at an average price of $28,136.
At the time of writing, MicroStrategy owns 152,333 BTC worth approximately $4.52 billion at $29,668.
MicroStrategy’s previous investment in the first cryptocurrency took place in April – the firm purchased 1,045 BTC for $29.3 million. Prior to that, the company invested $150 million in bitcoin in March.
Bitcoin is trading at $30,300, according to CoinGecko.
In May, MicroStrategy reported quarterly earnings of $461.2 million.
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