{"id":22863,"date":"2023-09-25T12:56:06","date_gmt":"2023-09-25T12:56:06","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/microstrategy-buys-147m-worth-of-bitcoin-now-holds-158k-btc\/"},"modified":"2023-09-25T12:56:09","modified_gmt":"2023-09-25T12:56:09","slug":"microstrategy-buys-147m-worth-of-bitcoin-now-holds-158k-btc","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/microstrategy-buys-147m-worth-of-bitcoin-now-holds-158k-btc\/","title":{"rendered":"MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC"},"content":{"rendered":"
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MicroStrategy, a business intelligence firm and major Bitcoin (BTC) investor, is sending a bullish signal to the market by announcing the acquisition of another big stash of cryptocurrency.<\/p>\n
Michael Saylor, co-founder and executive chairman at MicroStrategy, took to X (formerly Twitter) on Sept. 25 to announce a 5,445 BTC purchase by the firm. The latest Bitcoin stash was bought at an average price of $27,053 per BTC, or for $147.3 million in cash.<\/p>\n
According to a Form 8-K filing with the United States Securities and Exchange Commission, MicroStrategy and its subsidiaries have been in the process of acquiring the amount between Aug. 1, 2023 and Sept. 24, 2023.<\/p>\n
As of Sept. 24, MicroStrategy and its subsidiaries held an aggregate of approximately 158,245 bitcoins, which were acquired at an average purchase price of roughly $29,582 per BTC, inclusive of fees and expenses, the filing notes. The aggregate purchase price for MicroStrategy\u2019s total Bitcoin holdings has amounted to $4.68 billion.<\/p>\n
\nMicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin<\/a>. As of 9\/24\/23 @MicroStrategy<\/a> hodls 158,245 $BTC<\/a> acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR<\/a> https:\/\/t.co\/GbJtUoQfXv<\/p>\n