{"id":6047,"date":"2023-06-29T07:37:31","date_gmt":"2023-06-29T11:37:31","guid":{"rendered":"https:\/\/sikaoer.com\/michael-saylors-microstrategy-buys-347-million-in-bitcoin\/"},"modified":"2023-06-29T07:37:31","modified_gmt":"2023-06-29T11:37:31","slug":"michael-saylors-microstrategy-buys-347-million-in-bitcoin","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/michael-saylors-microstrategy-buys-347-million-in-bitcoin\/","title":{"rendered":"Michael Saylor&#8217;s MicroStrategy Buys $347 Million in Bitcoin"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>Michael Saylor\u2019s MicroStrategy has further consolidated its position as one of the largest corporate holders of Bitcoin. <\/strong><\/p>\n<p>As per recent SEC filings, the company added another 12,333 Bitcoin to its portfolio, shelling out a staggering $347 million.<\/p>\n<h2 id=\"h-microstrategy-s-bitcoin-buying-spree\">MicroStrategy\u2019s Bitcoin Buying Spree<\/h2>\n<p>The average purchase price for MicroStrategy\u2019s latest batch of Bitcoin was around $28,136. This number denotes the company\u2019s ability to capitalize on market fluctuations to maximize return. <\/p>\n<p>The latest acquisition period spanned from April 29 to June 27. Consequently, increasing MicroStrategy\u2019s total Bitcoin holdings to approximately 152,333, valued at an astonishing $4.6 billion, based on the current Bitcoin price of around $30,300.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Companies Banking on Bitcoin. Source: Statista<\/figcaption><\/figure>\n<p>Despite the cryptocurrency market\u2019s volatility, the latest purchase underscores MicroStrategy\u2019s unwavering confidence in Bitcoin. Since its first investment in Bitcoin, MicroStrategy has purchased Bitcoin at an average price of around $29,668, including fees and expenses, totaling an overall investment of around $4.52 billion.<\/p>\n<p>The magnitude of MicroStrategy\u2019s Bitcoin buying spree is highlighted further when considering its previous buy in April. The company acquired an additional 1,045 Bitcoin for $23.9 million at the time. <\/p>\n<p>Regardless of market conditions, the enterprise software company\u2019s unabashed drive to buy Bitcoin signals a strong, future-oriented commitment to crypto. This move may well set a precedent for other companies.<\/p>\n<p>This is a developing story\u2026<\/p>\n<div class=\"clear-both p-3 my-5 border rounded-md notice text-4 border-grey-500 font-body dark:border-grey-700\">\n<h3 class=\"mb-3 font-medium leading-none text-blue-700 uppercase dark:text-lime-600 text-4 lg:font-bold lg:text-5\">Disclaimer<\/h3>\n<p>In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.<\/p>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/beincrypto.com\/michael-saylor-microstrategy-buys-bitcoin\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor\u2019s MicroStrategy has further consolidated its position as one of the largest corporate holders of Bitcoin. As per recent SEC filings, the company added another 12,333 Bitcoin to its portfolio, shelling out a staggering $347 million. MicroStrategy\u2019s Bitcoin Buying Spree The average purchase price for MicroStrategy\u2019s latest batch of Bitcoin was around $28,136. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michael Saylor&#039;s MicroStrategy Buys $347 Million in Bitcoin - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/michael-saylors-microstrategy-buys-347-million-in-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Saylor&#039;s MicroStrategy Buys $347 Million in Bitcoin\" \/>\n<meta property=\"og:description\" content=\"Michael Saylor\u2019s MicroStrategy has further consolidated its position as one of the largest corporate holders of Bitcoin. As per recent SEC filings, the company added another 12,333 Bitcoin to its portfolio, shelling out a staggering $347 million. MicroStrategy\u2019s Bitcoin Buying Spree The average purchase price for MicroStrategy\u2019s latest batch of Bitcoin was around $28,136. 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