Former CEO of MicroStrategy, Micheal Saylor, announced today through his official Twitter account that the company has made a new purchase of Bitcoin. Thanks to this, the company’s BTC holdings increased to approximately 139,000. Here are the details.
MicroStrategy, the world’s largest institutional Bitcoin investor, has purchased 6,455 BTC for approximately $150 million at an average price of $23,238 per coin. The company currently owns a total of 138,955 Bitcoins purchased for a price of approximately $4.14 billion.
Saylor’s in the statement It was also shared that the company voluntarily prepaid the $161 million Silvergate loan, which was originally due on March 23, 2025. The two sides shook hands last year for a $205 million loan that the software company used to accumulate more BTC. In other words, the company was buying Bitcoin with a kind of debt. According to Saylor’s tweet, MicroStrategy repaid the loan with a 22% discount.
MicroStrategy first invested in the largest cryptocurrency as a reserve asset in 2020, while being led by former CEO Michael Saylor. Michael Saylor was the first to propose the idea of using Bitcoin as an inflation reserve, rather than holding dollars in their treasury, which continues to lose value every year. Although the company suffered significant losses in 2022, it did not give up and continued to invest in the leading cryptocurrency.
Besides, MicroStrategy not only bought BTC for themselves, but also encouraged hundreds of other publicly traded companies to switch to Bitcoin over dollars.
At the time of this writing, Bitcoin is trading at $27,757. As MicroStrategy continues to expand its BTC holdings, it is not yet clear whether its continued investment strategy in the largest digital asset will pay off in the long run.
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