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Once one of the biggest enemies of Bitcoin, Michael Saylor is now a major cryptocurrency maximalist. Since 2021, his company has been accumulating Bitcoin and frequently making new purchases. Just moments ago, Michael Saylor announced a new BTC acquisition. So, what is the total reserve now?
MicroStrategy Buys Bitcoin
According to an announcement from Saylor’s official X account, the company purchased an additional 122 BTC worth $7.8 million. The company’s total Bitcoin reserve has now climbed to 214,400. Even during the harshest days of bear markets, the company has been acquiring BTC, now possessing a much larger reserve. Some highlighted details of the announcement are as follows;
- Since the end of the fourth quarter, 25,250 Bitcoins were purchased for $1.65 billion or $65,232 per Bitcoin.
- As of April 26, the company holds 214,400 BTC at an average cost of $35,180 per Bitcoin.
- Total revenues fell 5% year-over-year to $115.2 million.
- The company’s Subscription Services Revenue increased by 22% year-over-year to $23.0 million.
Bitcoin price surpassed $63,000 again following the announcement.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
