On Wednesday, business intelligence firm MicroStrategy announced that it had purchased an additional 1,045 bitcoins for a total purchase price of approximately $29.3 million.
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), new acquisitions were made between March 24 and April 4 at an average price of $28,016 per bitcoin.
This latest acquisition brings the company’s Bitcoin inventory to a staggering 140,000 coins, for a total purchase price of approximately $4.17 billion. The company’s current average purchase price is $29,803.
The popular cryptocurrency is currently trading at $28,700 on the Bitstamp exchange, meaning MicroStrategy is still not breaking even after facing huge losses in 2022 due to the bear market.
The company also announced a $150 million bitcoin acquisition at the end of March. MicroStrategy has played a key role in the adoption of the company’s flagship cryptocurrency, making its first investment in the cryptocurrency. Date of death is August 2020. Since then, the company has continued to expand its bitcoin holdings, making it the largest holder of the digital asset.
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According to USA Today