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MicroStrategy Acquires an Additional 4,167 Bitcoins for $190.5 Million in Cash




MicroStrategy, today announces that it has acquired an additional 4,167 Bitcoins through its wholly-owned subsidiary, MacroStrategy LLC.

According to the official documents, MicroStrategy acquired 4,167 bitcoin between February 15, 2022 and April 4, 2022. These Bitcoins were acquired for approximately $190.5 million in cash and at an average price of approximately $45,714 per bitcoin.

Now, MicroStrategy holds an aggregate of 129,218 bitcoins which is acquired for $3.97 billion and an average purchase price of approximately $30,700 per bitcoin.

Michael Saylor, the founder and CEO of MicroStrategy tweets, “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.”

CZ Binance, the CEO of Binance replies to the tweet of Michael Saylor by saying, “Many people talk about buying the dip. But when the dip comes, they panic and sell (as oppose to buy). This is how you do it.”

CZ Binance tweets one more tweet after this saying “I don’t buy dips. I don’t have fiat.”

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.