Microstrategy, a leading finance software company, has announced that it has acquired an additional 5,445 bitcoins for $147.3 million. With this latest purchase, the company now holds a total of 158,245 bitcoins, which were acquired for a total of $4.68 billion. The average price per coin for this acquisition was $27,053.

Summary

Microstrategy, the finance software company, has added to its Bitcoin holdings with the purchase of an additional 5,445 BTC for $147.3 million. The company now holds a total of 158,245 bitcoins, acquired for a total of $4.68 billion. The average price per coin for this acquisition was $27,053.

Microstrategy now holds 158,245 bitcoins

In a filing with the US Securities and Exchanges Commission (SEC), Microstrategy revealed that it has purchased 5,445 bitcoins for $147.3 million. This brings the company’s total bitcoin holdings to 158,245 bitcoins, which were acquired for a total of $4.68 billion. The average price per bitcoin for the entire acquisition is $29,582.

Microstrategy’s founder and chairman, Michael Saylor, shared the news on his official Twitter account, stating that the company now holds 158,245 bitcoins, acquired for a total of $4.68 billion at an average price of $29,582 per bitcoin.

Bitcoin price outlook after Microstrategy news

The price of Bitcoin has not seen much movement in the past few days, hovering around the $26,000 level. However, the recent decline below the average purchase price of $27,053 means that the 5,445 bitcoins acquired by Microstrategy have seen a depreciation in value at current prices.

Analysts speculate on the future of Bitcoin, with some suggesting that it could see further declines and potentially drop below $25,000. However, others believe that if demand for Bitcoin sparks, it could lead to a new all-time high.

Analysts are also looking at other factors that could influence the price of Bitcoin, such as the upcoming bitcoin halving and the potential approval of a Bitcoin ETF by the SEC. Investment giant BlackRock is one of the companies looking to offer access to a spot ETF.

FAQs

What is Microstrategy?

Microstrategy is a leading finance software company.

How many bitcoins does Microstrategy currently hold?

Microstrategy currently holds 158,245 bitcoins.

What was the average price per bitcoin for Microstrategy’s latest acquisition?

The average price per bitcoin for Microstrategy’s latest acquisition was $27,053.

What are analysts saying about the price of Bitcoin?

Some analysts believe that Bitcoin could see further declines and potentially drop below $25,000, while others believe that if demand for Bitcoin sparks, it could lead to a new all-time high.

What factors could influence the price of Bitcoin?

Analysts are looking at factors such as the upcoming bitcoin halving and the potential approval of a Bitcoin ETF by the SEC as potential catalysts for the price of Bitcoin.