Since the beginning of 2023 until now, MicroStrategy has spent up to 682 million USD to buy more Bitcoin (BTC).
MicroStrategy buys $147 million in Bitcoin
According to a notice posted on the evening of September 25, billionaire Michael Saylor 's MicroStrategy company made the latest Bitcoin purchase with a value of up to "9 digits".
Specifically, MicroStrategy spent 147.3 million USD to buy 5,445 Bitcoin, with an Medium purchase price of 27,053 USD/ BTC.
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin . As of 9/24/23 @MicroStrategy hodls 158,245 $ BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR https://t.co/GbJtUoQfXv
— Michael Saylor⚡️ (@saylor) September 25, 2023
Thus, the company has increased the amount of Bitcoin it holds to 158,245 VND, worth 4.68 billion USD with an Medium purchase price of 29,582 BTC/ BTC.
This is MicroStrategy's fifth Bitcoin purchase this year after March ($150 million), April ($29.3 million), June ($347 million) and July ($14.4 million). ), with a total value of 682 million USD.
MicroStrategy Bitcoin Purchase History. Source: Saylor Tracker (September 25, 2023)
In a filing with the SEC in early August, MicroStrategy revealed it had offered $750 million in bonds , then used the money raised to continue its strategy of buying Bitcoin.
Bitcoin on September 25 is showing signs of continued decline as it approaches the resistance level of 26,000 USD. The news that MicroStrategy bought a large amount of Bitcoin did not cause much change in BTC price. Based on BTC price at the time of writing, MicroStrategy's entire Bitcoin investment portfolio is losing nearly 13%.
1h chart of BTC/ USDT pair on Binance at 07:30 PM on September 25, 2023
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