- The most recent investment was made at an average price of $27,053 per Bitcoin.
- Saylor revealed in his most recent post that the firm has amassed 158,245 BTC.
Michael Saylor led MicroStrategy based in the United States, has recently acquired 5,445 Bitcoin (BTC), making it one of the largest institutional investors of BTC. According to the latest report from the company’s chairman, Michael Saylor, the most recent investment was made at an average price of $27,053 per Bitcoin, for a total value of around $147.3 million.
Furthermore, Saylor revealed in his recent post that the firm has amassed 158,245 BTC as of September 24th, valued at over $4.68 billion at a price of $29,582 per Bitcoin.
Banking on Bitcoin
Also, MicroStrategy’s continued bullishness on Bitcoin acquisition is reassuring to the market as a whole. In spite of the praise and scorn it has received, the firm has remained steadfast in its pursuit of Bitcoin, building up a sizable reserve of the cryptocurrency and therefore strengthening its position in the crypto world.
Moreover, the company has spent $361.4 million buying 12,800 BTC at an average price of $28,233 per coin in the first quarter of 2023. Stock of MicroStrategy rose by 200 percent over the same period. Meanwhile, MicroStrategy saw a 4% year-over-year gain in business sales and a 42% increase in sales of its subscription services.
MicroStrategy’s crypto strategy is led by the visionary Michael Saylor, who has been an outspoken proponent of Bitcoin’s potential as a store of wealth and inflation hedge. In August of 2020, when MicroStrategy made its first BTC purchase, Saylor started his adventure into the Bitcoin realm.
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