Bitcoin: MicroStrategy Buys 6455 BTC for $150 Million
Bitcoin (BTC) heavyweight MicroStrategy has acquired 6455 BTC for around $150 million. The firm’s founder and chief, Micheal Saylor announced the development on Twitter. Saylor also said that MicroStrategy has repaid its $205 million BTC-collateralized loan to Silvergate. The loan was repaid at a 22% discount. JUST IN: MicroStrategy has purchased an additional 6,455 #Bitcoin ($150 million). — Watcher.Guru (@WatcherGuru) March 27, 2023 According to Saylor’s tweet, the BTC was purchased at an average price of $23,238 per coin. The cost of each coin is approximately 16.89% less than BTC’s current market price. MicroStrategy currently holds 138,955 BTC, worth a whopping $4.14 billion. The average cost of each BTC on its total holdings is around $29,817, which is 6.64% more than the current market value. MicroStrategy repaid its $205M Silvergate loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoin s for ~$150M at an average of ~$23,238 per # bi...