{"id":21356,"date":"2023-04-05T23:25:39","date_gmt":"2023-04-06T03:25:39","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=21356"},"modified":"2023-04-05T23:25:42","modified_gmt":"2023-04-06T03:25:42","slug":"microstrategy-adds-another-1045-bitcoin-to-its-growing-crypto-treasury","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/04\/05\/microstrategy-adds-another-1045-bitcoin-to-its-growing-crypto-treasury\/","title":{"rendered":"MicroStrategy adds another 1,045 Bitcoin to its growing crypto treasury"},"content":{"rendered":"<div data-v-b4cb1306=\"\">\n<p>MicroStrategy, an American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (<a href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) for approximately $29.3 million at an average price of $28,016 per BTC. This news was announced in a tweet by MicroStrategy executive chairman Michael Saylor on April 5.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has acquired an additional 1,045 <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4\/4\/2023 <a href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\">@MicroStrategy<\/a> holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/t.co\/IBufTxalnv\">https:\/\/t.co\/IBufTxalnv<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1643586872839471105?ref_src=twsrc%5Etfw\">April 5, 2023<\/a><\/p><\/blockquote>\n<p>As of April 5, 2023, MicroStrategy holds a total of 140,000 BTC, which was acquired for approximately $4.17 billion at an average price of $29,803 per BTC. This news comes as a significant milestone for the company as it continues to invest in Bitcoin as a reserve asset.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/top-people-in-crypto-and-blockchain-2023\/michael-saylor\">Number 14 on Cointelegraph\u2019s Top 100 in crypto<\/a>,&nbsp;Saylor has been an outspoken advocate for Bitcoin and has been leading the charge for corporations to adopt the largest cryptocurrency as a strategic asset. Saylor has repeatedly stated that Bitcoin is the securest and most reliable store of value that exists in the market today and that it offers a unique opportunity for businesses to protect their assets from inflation.<\/p>\n<p>Saylor\u2019s MicroStrategy recently repaid its Silvergate loan and bought 6,500 BTC at the end of March. The company\u2019s Bitcoin strategy appears to be <a href=\"https:\/\/cointelegraph.com\/news\/what-is-dollar-cost-averaging-dca-and-how-does-it-work\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/what-is-dollar-cost-averaging-dca-and-how-does-it-work\/amp\">dollar-cost averaging<\/a>&nbsp;but with vast amounts of money.&nbsp;<\/p>\n<p><strong><em>Related:&nbsp;<a href=\"https:\/\/cointelegraph.com\/news\/michael-saylor-is-still-on-the-hook-for-alleged-tax-evasion-says-microstrategy-filing\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/michael-saylor-is-still-on-the-hook-for-alleged-tax-evasion-says-microstrategy-filing\/amp\">Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing<\/a><\/em><\/strong><\/p>\n<p>MicroStrategy made its first Bitcoin purchase in August 2020, and since then, the company has been consistently adding to its holdings. The latest purchase brings the total amount of Bitcoin owned by MicroStrategy to over $12.6 billion, which is a testament to the company\u2019s confidence in the long-term potential of the cryptocurrency.<\/p>\n<p><strong><em>Magazine:<\/em><\/strong> <a href=\"https:\/\/cointelegraph.com\/magazine\/bitcoin-senegal-why-how-african-country-using-btc\/\"><strong><em>Bitcoin in Senegal: Why is this African country using BTC?<\/em><\/strong><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><script async=\"\" src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<a href=\"https:\/\/cointelegraph.com\/news\/microstrategy-adds-another-1-045-bitcoin-to-its-growing-crypto-treasury\">source<\/a><\/p>\n<p><\/template><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy, an American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (BTC) for approximately<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21356","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/21356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=21356"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/21356\/revisions"}],"predecessor-version":[{"id":21367,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/21356\/revisions\/21367"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=21356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=21356"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=21356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}