MicroStrategy purchased additional 4,167 bitcoins for ~$190.5 million at an average price of $45,714 per bitcoin
As you may recall, in June 2021, Virginia-based MicroStrategy bought a total of 105,085 bitcoins for $2.741 billion at an average price of ~$26,080 per bitcoin. Since then, the price of bitcoin has surged from $35,800 on June 7 to $45,756.50 as of the time of writing.
Today, MicroStrategy announced it has bought additional 4,167 bitcoins for about $190.5 million at an average price of $45,714 per bitcoin. The company now owns a total of approximately 115,110 bitcoins, making the company one of the top ten largest bitcoin holders in the world.
In a news release today, Microstrategy said:
“On April 5, 2022, MicroStrategy Incorporated (“MicroStrategy”) announced that, during the period between February 15, 2022 and April 4, 2022, MicroStrategy, through its wholly-owned subsidiary, MacroStrategy LLC (“MacroStrategy”), acquired approximately 4,167 bitcoins for approximately $190.5 million in cash, at an average price of approximately $45,714 per bitcoin, inclusive of fees and expenses.”
Microstrategy added: “As of April 4, 2022, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 129,218 bitcoins, which were acquired at an aggregate purchase price of approximately $3.97 billion and an average purchase price of approximately $30,700 per bitcoin, inclusive of fees and expenses, with MacroStrategy holding approximately 115,110 of these bitcoins.”
Microstrategy founder and CEO Michael Saylor also took to social media to announce the company’s recent bitcoin acquisition. In a tweet, Saylor said “MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin.”
MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI
— Michael Saylor⚡️ (@saylor) April 5, 2022
Now, Microstrategy is going all-in on Bitcoin with probably no exit strategy if the bitcoin price were to crash. Saylor is now at a point of no return and he’s not planning to sell any of the company’s bitcoin investment. In this March 2021 video, Michael Saylor said:
“Once you know how it all ends, the only use of time is…how do I buy more bitcoin? But take all your money and buy bitcoin. Then take all your time, figure out how to borrow more money to buy more bitcoin. Then take all your time and figure out what you can sell to buy bitcoin. And if you absolutely love the thing, that you don’t want to sell it, go mortgage your house and buy bitcoin with it. And if you’ve got a business that you love because your family works for the business and it’s in your family for 37 years, and you can’t bear to sell it, mortgage it, finance it, and convert the proceeds into the hardest money on earth, which is bitcoin.”
Saylor is cringe, but at least he’s a bull. We must stand with him, he’s all we got pic.twitter.com/yRs8Wzl7wc
— stockmart (@stockmart_) June 8, 2021
Below is the FORM 8-K filing.form-8-k-4-5-2022