Michael Saylor, MicroStrategy stick to their guns on Bitcoin, MIAMI, FLORIDA - JUNE 04: MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. The crypto conference is expected to draw 50,000 people and runs from Friday, June 4 through June 6th. (Photo by Joe Raedle/Getty Images),

MicroStrategy buys 6,555 Bitcoin worth US$150 mln

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MicroStrategy acquired 6,555 Bitcoin for around US$150 million, at an average price of US$23,238 per coin, between Feb. 16 and March 23, said Michael Saylor, MicroStrategy’s co-founder and executive chairman.

See related article: MicroStrategy’s share price hits 2-month high following Saylor reshuffle

Fast facts

  • The company holds around 138,955 worth of Bitcoin, acquired for some US$4.14 billion, at an average price of US$29,817 per Bitcoin, according to Saylor’s announcement Monday.
  • MicroStrategy is the world’s largest corporate Bitcoin holder, followed by Marathon Digital Holdings that has an estimated 12,232 Bitcoin on its balance sheet, according to BitcoinTreasuries
  • Saylor also added that his company repaid its US$205 million Bitcoin-collateralized loan to Silvergate bank in full, at a 22% discount.
  • Saylor stepped down from his role as CEO to become executive chairman last August, to focus more on the company’s “Bitcoin acquisition strategy and related Bitcoin advocacy initiatives.”
  • Microstrategy’s shares fell 0.21% during the day to trade at US$256,67 at 9:00 p.m. in Hong Kong. Its share price has risen 60% since the start of the year, while Bitcoin values strengthened 67% in the same period.

See related article: Vitalik Buterin calls MicroStrategy’s Michael Saylor a ‘total clown’

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