MicroStrategy, which some investors see as an inverse indicator bitcoin continues to purchase.
Recently bitcoin Saylor announced that he would take a loan from Silvergate Bank to buy BTC.
MacroStrategy, a subsidiary of MicroStrategy, purchased a $205 million Bitcoin-guaranteed loan from Silvergate Bank and announced that it would use it for Bitcoin purchases.
Today MacroStrategy bought 4167 Bitcoins for $190 million in cash. The average cost of 4167 BTC purchased by the company was $45714.
In other words, the company showed the BTCs in its hands as collateral and increased the number of BTC with the cash it received.
As of April 4, the number of Bitcoins in the hands of the company increased to 129,218, while the average cost increased to $ 30700. The company has so far paid $3.97 billion for the Bitcoins it holds.
The current value of Bitcoins in the hands of the company is approximately $ 6 billion.
Saylor continues to maintain his faith in Bitcoin and buys every chance he gets.
We will be watching if there will be a decrease after Saylor’s purchase announcement, which considers Bitcoin as a long-term investment.
MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoins. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI
— Michael Saylor⚡️ (@saylor) April 5, 2022