MicroStrategy, a software development company, has made another significant investment in bitcoins, according to a recent tweet by the company’s founder, Michael Saylor.
In the tweet, Saylor announced that MicroStrategy had acquired 1,045 bitcoins for approximately $29.3 million, at an average price of $28,016 per bitcoin.
With this purchase, MicroStrategy’s total holdings of bitcoins as of April 4th stand at 140,000, valued at $4.17 billion at an average price of $29,803 per bitcoin.
Earlier in March, MicroStrategy paid off a loan from bankrupt Silvergate bank and purchased $150 million worth of bitcoins.
Following the news of Silvergate’s collapse, MicroStrategy reassured its investors that it only had one loan from the bank, which must be repaid by the beginning of 2025, and that this would not lead to the company’s bankruptcy.
Saylor defended Silvergate bank, calling it “responsible and friendly to the crypto industry.”
Despite its significant holdings of bitcoins, MicroStrategy is not the largest holder of the cryptocurrency.
According to 21Shares, the US federal government holds 205,515 BTC worth $5.66 billion.