Breaking: MicroStrategy Bitcoin Holding Reaches 140K; Adds 1,045 More BTC
Bitcoin News: MicroStrategy Incorporated in its latest U.S. Securities and Exchange Commission (SEC) filings announced that it had added more Bitcoins to its holdings. The accumulation comes in when BTC printed green indexes to regain the $28K price level.
Also Read: China Banking Crisis Deepens; Crypto Market To Take A Hit?
MicroStrategy Adds More 1,045 Bitcoin
As per the filings, MicroStrategy acquired an additional 1,045 Bitcoin during the period between March 24, 2023, and April 4, 2023. The cumulative worth of acquired BTC stands at $29.3 million. The accumulation was made at an average price of $28,016 per Bitcoin.
It added that Till April 4, 2023, MicroStrategy with its subsidiaries held an aggregate of 140K Bitcoins. Filling mentions that the aggregate purchase price stands at around $4.17 billion. While an average purchase price stands at around $29,803 per Bitcoin. Read More Bitcoin News Here…
Bitcoin Price has managed to surge by more than 28% over the past 30 days in order to regain the crucial $28K price level. BTC is trading at an average price of $28,569, at the press time.
Earlier, Coingape reported that MicroStrategy bought 6,455 BTC during the period between February 16, 2023 and March 23, 2023. The accumulation came in for approx $150 million in cash.
Also Read: Altcoins Rally Coming In? Bitcoin Set To Breach $30K
MicroStrategy filings suggest that its average Bitcoin purchase price stands around $29,803 per BTC. However, the current BTC trading price stands at around $28, 569. This directly indicates a deficit here and suggests that the firm holding is still in loss.
- Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow
- US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?
- Just-In: Changpeng “CZ” Zhao Counters Peter Schiff, Says “Tokenizing Gold Is Not On-Chain Gold”
- $240 Million Hacked Crypto Exchange WazirX Reopens Deposits But Faces Community Backlash
- Expert Flags Pi Network Team as Source of Selling Pressure After Reported 1.2M PI Dump
- BNB Price Forecast: Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
