MicroStrategy Continues Acquiring Bitcoin (BTC) Adds 4,167 For $190.5M

  • MacroStrategy received a $205 million interest-only term loan from Silvergate Bank.
  • Bitcoin has been down 2.64% in the last 24 hours.

At $48,000, the all-time high for bitcoin in 2022, the price levelled out after a stratospheric climb in March. The most valuable cryptocurrency in the world is experiencing a rare period of stability at the start of the week, with Monday and Tuesday’s price changes totaling less than one percent.

Pursuit of BTC

According to the company’s press statement, an extra 4,167 Bitcoins were acquired by MicroStrategy (MSTR). MacroStrategy, a wholly-owned subsidiary of MicroStrategy, has made the purchase, according to the company’s CEO, Michael Saylor.

Between February 15 and April 4, 2022, the exchange report shows that the user made the purchase. Including all fees and expenditures, MacroStrategy paid about $190.5 million in cash at an average price of $45,714 per Bitcoin. As a result, MacroStrategy now controls 115,110 of the total 129,218 Bitcoins owned by the parent firm, according to a statement from the company.

Soon after MacroStrategy LLC obtained a loan for acquiring further BTC, the business announced its acquisition. MacroStrategy received a $205 million interest-only term loan from Silvergate Bank, secured by Bitcoin. Furthermore, it seems the corporation has already put the financing to use.

According to estimations by Bitcoin Treasuries, the parent firm now has 111 percent of its market valuation in Bitcoin. MicroStrategy now has 0.615 percent of the entire Bitcoin supply after today’s BTC acquisition. This is a significant increase from the 0.5 percent of the total 21 million tokens previously announced last week. According to CoinMarketCap, the Bitcoin price today is $45,422.57 USD with a 24-hour trading volume of $34,614,631,438 USD. Bitcoin has been down 2.64% in the last 24 hours.

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