MicroStrategy buys an additional $347 million worth of Bitcoin


Michael Saylor announced that MicroStrategy bought another 12,333 bitcoins. The coins, bought at an average price of $28,136, cost the company about $347 million. This is an addition that gives the company ownership of 152,333 bitcoins. The average price of all these coins is $29,668, for a total cost of about $4.52 billion.

In a Twitter post that he linked to the company’s blog post, the MicroStrategy CEO wrote,

“MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin. As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR

A June 28 filing by the company with the US Securities and Exchange Commission declared the purchase to the regulator. Microstrategy has been regularly bullish on Bitcoin. This is mainly due to the disposition of its CEO, who regularly shills the cryptocurrency at every given opportunity. In a recent interview with CNBC, Taylor said that Bitcoin is a winner and that the market is increasingly aware of that fact.

Author: Godwin Okon