The Virginia-based analytics and business intelligence behemoth MicroStrategy buys 4,167 more bitcoin for about $190.5 million in cash, at an average price of approximately $45,714 per bitcoin through its subsidiary–MacroStrategy.
As of April 4, MicroStrategy, along with its subsidiaries, “hodls” around 129,218 bitcoins at an average purchase price of around $30,700 per bitcoin summing up to almost $4 billion, according to the company’s founder, CEO, and passionate BTC advocate Michael Saylor.
It accumulated the 4167 bitcoins that were purchased recently between February 15 and April 4 of this year. MacroStrategy holds 115,110 bitcoins out of MicroStrategy’s total of 129,218 bitcoins.
We know Michael Saylor for using debt to his advantage, even suggesting that individuals must “Mortgage Your Home And Buy Bitcoin”. And the former rocket scientist’s latest shopping spree shows the integrity of his words.
The Crypto Times previously reported that MicroStrategy received a $205 million loan from cryptocurrency lender Silvergate Bank last month to buy the current $190.5 million worth of Bitcoin. A total of $820 million in bitcoin is used to secure the three-year term loan.
