{"id":19533,"date":"2023-04-05T22:29:34","date_gmt":"2023-04-05T22:29:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategys-bitcoin-holdings-reach-140000-btc-after-acquiring-1045-more-bitcoins-bitcoin-news\/"},"modified":"2023-04-05T22:29:34","modified_gmt":"2023-04-05T22:29:34","slug":"microstrategys-bitcoin-holdings-reach-140000-btc-after-acquiring-1045-more-bitcoins-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategys-bitcoin-holdings-reach-140000-btc-after-acquiring-1045-more-bitcoins-bitcoin-news\/","title":{"rendered":"Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm\u2019s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion.<\/strong><\/p>\n

Microstrategy Buys Another Batch of Bitcoins<\/h2>\n

Microstrategy has begun acquiring bitcoin (BTC<\/a>) again, after purchasing 6,455 bitcoins for $150 million on March 27. On April 5, the firm\u2019s CEO announced that it had acquired an additional 1,045 bitcoins, bringing the company\u2019s total holdings to 140,000 BTC<\/a>. The publicly traded company now has the largest stockpile of bitcoins of any firm worldwide, representing 0.667% of the 21 million BTC<\/a> supply cap.<\/p>\n

\u201cMicrostrategy has acquired an additional 1,045 bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin,\u201d Saylor tweeted<\/a> on Wednesday. \u201cAs of 4\/4\/2023 Microstrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin.\u201d<\/p>\n

The publicly traded company with the second-largest holding of BTC<\/a> is Galaxy Digital, with 40,000 BTC<\/a>. Microstrategy\u2019s stockpile of bitcoins is the same size as Block.one\u2019s and 1,686 BTC<\/a> smaller than the Mt. Gox bitcoins held by the bankruptcy court trustee in Tokyo. Microstrategy has been acquiring bitcoins since August 2020 and has employed the dollar-cost averaging (DCA) strategy for its investments.<\/p>\n

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Alternative Investment<\/a>, asset allocation<\/a>, Assets<\/a>, Bitcoin<\/a>, block.one<\/a>, Blockchain<\/a>, business intelligence<\/a>, Cryptocurrency<\/a>, cryptocurrency holdings<\/a>, Decentralized<\/a>, Digital Currency<\/a>, Diversification<\/a>, Dollar-Cost Averaging<\/a>, Finance<\/a>, financial performance<\/a>, Financial Technology<\/a>, Galaxy Digital<\/a>, global currency<\/a>, institutional investors<\/a>, investment<\/a>, market<\/a>, Market Capitalization<\/a>, michael saylor<\/a>, microstrategy<\/a>, Mt Gox<\/a>, Portfolio<\/a>, publicly traded company<\/a>, risk management<\/a>, secure<\/a>, Speculation<\/a>, stockpile<\/a>, Strategy&<\/a>, valuation<\/a>, Volatile<\/a><\/div>\n<\/div>\n

What do you think the future holds for Microstrategy\u2019s Bitcoin investment strategy? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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