Feed MicroStrategy more Bitcoin! The intelligence firm now has 129,218 BTC after adding over 4,000.
The coins were bought at a weighted average price of $45,714, which is roughly equivalent to the price of the digital asset at the time of publication. As a result, MicroStrategy and its subsidiaries now hold a total of 129,218 BTC, with a total aggregate purchase price of $3.97 billion and an average purchase price of $30,700 per BTC.
The week prior, MacroStrategy closed a $205 million BTC-collateralized loan from leading fintech and crypto-fiat gateway bank Silvergate. The firm said it would use the loan to purchase more BTC while its own BTC deposits would serve as collateral for the borrowing, effectively turning it into a sophisticated leverage trade.since August 2020, purchasing the digital asset every quarter almost consistently., sending its shares plunging on that day.
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