{"id":13072,"date":"2024-04-30T13:11:44","date_gmt":"2024-04-30T10:11:44","guid":{"rendered":"https:\/\/forklog.com\/en\/microstrategy-acquires-additional-122-btc\/"},"modified":"2024-04-30T13:11:44","modified_gmt":"2024-04-30T10:11:44","slug":"microstrategy-acquires-additional-122-btc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-acquires-additional-122-btc\/","title":{"rendered":"MicroStrategy Acquires Additional 122 BTC"},"content":{"rendered":"<p>In April, MicroStrategy acquired an additional 122 BTC ($7.8 million), bringing its bitcoin reserves to 214,400 BTC (~$13.5 billion), according to the latest <a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-announces-first-quarter-2024-financial-results-now-holds-214-400-btc_04-29-2024\">report<\/a>.<\/p>\n<p>The company allocated a total of $7.54 billion for the purchase of crypto assets at an average price of $35,180 per coin.<\/p>\n<p>At the end of the first quarter, MicroStrategy held 214,278 BTC. An additional 122 BTC were purchased after the reporting date, according to its founder Michael Saylor.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In April, <a href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\">@MicroStrategy<\/a> acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us at 5pm ET as we discuss our Q1 2024 financial results and answer questions about the outlook for <a href=\"https:\/\/twitter.com\/hashtag\/BusinessIntelligence?src=hash&#038;ref_src=twsrc%5Etfw\">#BusinessIntelligence<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/t.co\/h40yyrgEb0\">https:\/\/t.co\/h40yyrgEb0<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1785037831175630938?ref_src=twsrc%5Etfw\">April 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since December 31, the company has acquired 25,250 BTC for $1.65 billion \u2014 at $65,232 per BTC. The corporation has continued its trend of increasing reserves in digital gold for 14 consecutive quarters.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cIn the first quarter, we raised over $1.5 billion through capital market strategies, including <\/em><a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-to-issue-600-million-in-bonds-for-bitcoin-acquisition\"><em>two successful convertible debt offerings<\/em><\/a><em>,\u201d<\/em> noted <span data-descr=\"CFO\" class=\"old_tooltip\">CFO<\/span> Andrew Kang.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1012.webp\" alt=\"1-1012\" class=\"wp-image-231767\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/post\/291557\/microstrategy-buys-122-btc-in-april-to-bring-total-holdings-to-214400-btc\">The Block<\/a>.<\/figcaption><\/figure>\n<p>On March 19, MicroStrategy<a href=\"https:\/\/u1f987.com\/en\/news\/microstrategys-bitcoin-holdings-surpass-1-of-cryptocurrencys-total-supply\"> added 9,245 BTC<\/a> to its balance, spending $623 million. The company&#8217;s cryptocurrency reserves reached 214,246 BTC \u2014 over 1% of the total digital gold supply.<\/p>\n<p>Earlier, its founder Michael Saylor stated that the firm <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-rules-out-bitcoin-sales-from-microstrategys-holdings\">does not intend<\/a> to sell its holdings of the first cryptocurrency in the near or long term.<\/p>\n<p>MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-shifts-focus-to-bitcoin-development\">plans to transition<\/a> into a &#8220;developer of bitcoin and products based on it.&#8221; Since its inception, it has focused on creating and supporting analytical software.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In April, MicroStrategy acquired an additional 122 BTC ($7.8 million), bringing its bitcoin reserves to 214,400 BTC (~$13.5 billion), according to the latest report. The company allocated a total of $7.54 billion for the purchase of crypto assets at an average price of $35,180 per coin. At the end of the first quarter, MicroStrategy held [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,1207,1252],"class_list":["post-13072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-microstrategy","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=13072"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/13071"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=13072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=13072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=13072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}