Crypto News
| Published On Apr 6, 2022 3:22 am CEST | By Peter Siu

MicroStrategy Acquires 4,167 Bitcoin for $190.5 Million

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Nasdaq-listed software intelligence firm, MicroStrategy has purchased more Bitcoin (BTC) through its subsidiary, MacroStrategy. Its CEO and notorious Bitcoin Bull, Michael Saylor, tweeted the news on Tuesday:

MacroStrategy used a $205 million BTC-backed loan that it acquired from Silvergate Bank last month to make its latest Bitcoin purchase.

MicroStrategy’s last purchase was in February when the firm added 600 BTC to its holdings. It now holds a total of 129,218 BTC at a valuation of roughly $5.8 billion.

At the time of writing, Bitcoin is priced at $45,083, based on CoinMarketCap data. Although down 3% over the last 24 hour, the top cryptocurrency is experiencing a good run in the past month for gains of 20%.

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Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.

Tags: BitcoinMichael SaylorMicroStrategy

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