MacroStrategy Acquires Additional 4,167 Bitcoins

by in Cryptocurrency News

Microstrategy Bitcoin purchase

Enterprise analytics and software company MicroStrategy's subsidiary MacroStrategy added another 4,167 Bitcoins to its holdings for around $190.5 M paying in cash. The average BTC price for the deal was $45,714, including fees and expenses.

Related: MicroStrategy Adds 660 Bitcoins Worth $25 M

According to the statement published by the company, as of April 4, 2022, MicroStrategy held around 129,218 BTCs in total. The aggregate acquisition price of the coins is around $3.97 bln and the average price of the purchase is around $30,700. MacroStrategy holds 115,110 of this number.

Microstrategy has the largest BTC holdings among all the publicly-listed companies. In late March, the financial infrastructure and services provider revealed issuing a $205 M term loan to MacroStratgy to buy additional bitcoins.

The company views Bitcoin as a dependable store of value, and acquiring and holding BTC is one of its corporate strategies.

Currently, Bitcoin trades at over $46,400. The market cap of the coin is more than $880 million.