The appreciation in the largest cryptocurrency bitcoin affects many investors, small or institutional. As a result, MicroStrategy acquired about 1,045 bitcoins in its holdings, following the repayment of the collapsed Silvergate Bank loan.
According to a United States Security and Exchange Commission (SEC) filing on April 5, MicroStrategy, a business intelligence and analytics company, bought another 1,045 bitcoins at an average cost of $28,016 per BTC between March 23 and April 4, for a total valuation of $29.3 million.
MicroStrategy (MSTR) price soared from $263.3 on March 23 to $298.98 on April 04, while buying an additional 1,045 bitcoin.
Over the past several days, MicroStrategy has rapidly increased its holdings in BTC for the long term.
At the time of writing, Bitcoin price is trading around $28,040 against the US Dollar. As of now, Michael Saylor’s MicroStrategy (MSTR) is handling around 140,000 bitcoins at a current valuation of $4.17 billion. Meanwhile, for entire Bitcoin holdings, the average cost appears to be $29,803 per BTC.
