Microstrategy Expands Bitcoin Position With $347 Million Investment, Pushing Total Holdings to 152,333 BTC – Featured Bitcoin News


28 Jun 2023 4:30 PM

Microstrategy has purchased 12,333 more bitcoin for about $347 million, growing its cryptocurrency holdings to 152,333 BTC....

  • Microstrategy has purchased an additional 12,333 bitcoin for about $347 million, increasing its total holdings to 152,333 BTC.
  • The acquisition was made between April 29 and June 27, with an average price of $28,136 per bitcoin.
  • The announcement was made by Microstrategy's co-founder and executive chairman, Michael Saylor, who is a vocal supporter of bitcoin.
  • The purchase comes amidst positive developments in the crypto industry, including Blackrock's filing to launch a bitcoin trust and the launch of a cryptocurrency exchange by prominent financial institutions.
  • The filings by major companies have sparked optimism that the SEC will approve a spot bitcoin ETF in the near future.

The overall sentiment of the article is positive, highlighting Microstrategy's expansion of its bitcoin holdings and the positive developments in the crypto industry.

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