Microstrategy, now known as Strategy, has announced another bitcoin purchase, which it made between April 14 and April 20. This is up to the company’s total bitcoin to 538200 BTC. The MSTR shares price recovered amid this last purchase.
Microstrategy buys 6556 BTC for $ 555 million
in press releaseMicrostrategy announced that it had bought 6,556 Bitcoins for $ 555.80 million at an average price of 84,785 dollars per BTC. The company, now known as the strategy, achieved 12.1 % BTC return on an annual basis (YTD).
Michael Saylor now owns 538200 BTC, which it got for $ 36.47 billion at an average price of $ 67,766 per Bitcoin. The company remains the general company that has the largest bitcoin holding, before the rest, including Mara Holdings.
It should be noted that this is a weekly consecutive purchase of Microstrategy. As COININA PTAP, the company acquired 3,459 BTC for $ 285 million two weeks ago.
Meanwhile, the strategy indicated that it plans to continue to buy BTC in the foreseeable future through stock sales. This year, the company has already announced plans to raise more than $ 20 billion to finance its bitcoin purchase plans.
The company continues to get more BTC despite the leading Crypto movement in the sides over the past few months. Other institutional investors, such as Metapant, also showed a commitment to their Bitcoin strategy despite the current market direction.
Metaplant recently acquired 330 BTC for $ 28.2 million, as BTC’s total biases reached 4,855 BTC, which is worth about $ 500 million. The Japanese retail company ANAP has also received $ 70 million from Bitcoin.
MSTR shares rise approximately 3 %
Microstrategy shares recovered approximately 3 % amid news about the latest bitcoin purchase of the company. NASDAQ data shows that the stock is currently trading of about 325 dollars in pre -market trading, increasing its closing price of $ 317 last Friday.
The MSTR price recovery is also possible thanks to the last Rallly Bitcoin Price, as the pioneer in Crypto rises to $ 8,7500 on Easter on Monday. MSTR and BTC share a strong bond of prices due to the tremendous exposure to Bitcoin strategy.
It is not clear whether the last step for Bitcoin is just a urine trap or the beginning of the huge upward trend of pioneering encryption. Crips like Kevin Capital warned that BTC needs to break more than $ 89,000 to confirm the upward trend. Until then, the market participants warned against staying.
If the BTC continues to gather in the short term to the middle of the period, the MSTR shares can also maintain a continuous upward trend. Michael Sailor recently highlighted how Microstrategy has recorded the best revenue among the main assets since the Bitcoin strategy has adopted.
Boluwatife Adeyemi
Boluwatife Adeyemi is a writer and editor of encryption news that covered topics that exceed many topics and ports. Boluwatife has a talent to simplify the most technical concepts and make it easy for the novice encoded. Away from writing, he is a fan of thirsty basketball, traveler and part -time.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: