MicroStrategy now holds more Bitcoin than Mt. Gox’s balance MicroStrategy now holds more Bitcoin than Mt. Gox’s balance
MicroStrategy acquired 1,045 Bitcoin for $29.3 million between March 24 and April 4, according to a SEC filing.
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Updated: Jul. 18, 2023 at 9:26 am UTC
ReasonTV / CC BY 3.0 / Wikimedia. Remixed by CryptoSlate
MicroStrategy acquired 1,045 Bitcoin (BTC) between March 24 and April 4 for about $29.3 million in cash at an average price of $28,016 per BTC.
This latest purchase brings the firm’s total Bitcoin holding to 140,000 BTC, which is more than that of the bankrupt crypto exchange Mt. Gox balance, according to Glassnode data.
As of April 4, the firm said it held 140,000 BTC acquired for about $4.17 billion at an average price of $29,803, according to an April 5 SEC filing.
In March, Microstrategy revealed that it bought over 6000 BTC for roughly $150 million.
Meanwhile, news of the new purchase had little impact on BTC’s price performance. The flagship digital asset is up 0.17% on the 1-hour candle to $28,604, according to CryptoSlate’s data.
MicroStrategy shares are up 2.12% premarket, according to Google Finance data. The stock has increased by over 80% on the year-to-date metric.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
MicroStrategy
MicroStrategy (Nasdaq: MSTR) is a worldwide leader in enterprise analytics and mobility software.
Michael Saylor is the Executive Chairman, founder, and principal shareholder of MicroStrategy.
