MicroStrategy, a business analytics firm, acquires another $190 million (4,167 Bitcoins) in Bitcoin between February 15 and April 4, according to a regulatory filing on April 5 with the Securities and Exchanges Commission.
On average, the Virginia-based corporation paid $45,714 for each coin. Its average buying price, including fees and expenses, is approximately $30,700.
This comes after a $205 million Bitcoin-collateralized loan was secured last Tuesday. As a result, the $195 million Bitcoin acquisition took place within the last seven days. Do Kwon of Terra has also appeared to have stopped buying Bitcoin for the last six days, just one day after MicroStrategy announced the loan. They still have about a billion tokenized dollars on their public address, so purchases might resume now after that of MicroStrategy.
MicroStrategy now has 129,218 Bitcoins in its possession (approximately $6 billion at press time). As a result, they’ve made $2 billion in profits, making this one of the riskiest bets to date.
On multiple occasions, CEO Michael Saylor has stated that the company intends to hold Bitcoin for the long term and has no plans to sell it.
On major spot markets, the world’s largest cryptocurrency is now trading marginally in the green, above $46,000.
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