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MicroStrategy Buys $190 Million Worth of Bitcoin at $45,714

Bitcoin permabull Michael Saylor revealed that his company bought yet another $190 million worth of BTC.
George Georgiev
By George Georgiev

The intelligence company – MicroStrategy – spearheaded by one of Bitcoin’s most vocal proponents, Michael Saylor, has bought Bitcoin once again.

  • The company has bought Bitcoin through its subsidiary – MacroStrategy – according to a recent release.
  • The news was broken by the CEO of the company and avid BTC supporter – Michael Saylor.
  • MacroStrategy bought a total of $190 million worth of BTC which translates to 4,167 bitcoin at an average price of $45,714.
  • As of today, the company owns a total of $129,218 BTC worth almost $4 billion. The average price of the acquisition is approximately $30,700.
  • CryptoPotato reported earlier in March that MacroStrategy – the subsidiary – has received a $205 million loan that’s collateralized by BTC holdings and that it attempts to use the funds to buy more bitcoins.
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Michael Saylor MicroStrategy
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About the author

George Georgiev
George Georgiev
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Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.