Analyst software provider MicroStrategy has acquired an additional 480 BTC at an average price of around $20,817, according to company founder and CEO Michael Saylor.
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. As of 6/28/22 @MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin. $MSTRhttps://t.co/leQYTXn817
— Michael Saylor⚡️ (@saylor) June 29, 2022
According to Saylor, as of June 28, MicroStrategy owns 129,699 BTC, purchased for $3.98 billion at an average price of $30,664.According to Saylor, as of June 28, MicroStrategy owns 129,699 BTC, purchased for $3.98 billion at an average price of $30,664.
Against the backdrop of the collapse of the first cryptocurrency, the company’s “paper” loss from holding bitcoins exceeded $1 billion.
Saylor said in June that MicroStrategy would continue to trade digital gold even in poor market conditions, as the firm’s investment strategy anticipates volatility and adverse conditions.
The CEO of an analytics software provider is convinced that this approach will provide the company with a “bright future” for the coming years.
In March, MicroStrategy received a $205 million loan to buy cryptocurrencies. Sailor previously said that bitcoin would need to fall below $3,562 for the company to run out of digital assets to meet its obligations.
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