MicroStrategy buys $347M worth of Bitcoin amid market thaw


28 Jun 2023 3:30 PM

MicroStrategy currently holds $4.52 billion in Bitcoin. ...

  • On June 28, MicroStrategy announced the purchase of 12,333 Bitcoin worth $347 million, increasing their total Bitcoin balance to 152,333 with an average purchase price of $29,668.
  • The purchase was partly financed through the issuance of new stock, with MicroStrategy selling 1,079,170 shares for $337 million.
  • MicroStrategy has been actively buying Bitcoin, regardless of its current price, and CEO Michael Saylor has been a vocal advocate for the cryptocurrency.
  • In Q1 2023, MicroStrategy reported its first profitable quarter since 2020, thanks to a one-time income tax benefit.

The sentiment of the article is generally positive, highlighting MicroStrategy's continued investment in Bitcoin and their profitable quarter.

Go to publisher site

You May Ask

How much Bitcoin did MicroStrategy purchase on June 28?What is the total average purchase price of Bitcoin owned by MicroStrategy?How did MicroStrategy finance their Bitcoin purchase?Who is the CEO of MicroStrategy and what is his stance on Bitcoin?When did MicroStrategy report its first profitable quarter since 2020?

Suggested Reads