MicroStrategy acquired 6,555 Bitcoin for around US$150 million, at an average price of US$23,238 per coin, between Feb. 16 and March 23, said Michael Saylor, MicroStrategy’s co-founder and executive chairman.

See related article: MicroStrategy’s share price hits 2-month high following Saylor reshuffle

Fast facts

  • The company holds around 138,955 worth of Bitcoin, acquired for some US$4.14 billion, at an average price of US$29,817 per Bitcoin, according to Saylor’s announcement Monday.
  • MicroStrategy is the world’s largest corporate Bitcoin holder, followed by Marathon Digital Holdings that has an estimated 12,232 Bitcoin on its balance sheet, according to BitcoinTreasuries
  • Saylor also added that his company repaid its US$205 million Bitcoin-collateralized loan to Silvergate bank in full, at a 22% discount.
  • Saylor stepped down from his role as CEO to become executive chairman last August, to focus more on the company’s “Bitcoin acquisition strategy and related Bitcoin advocacy initiatives.”
  • Microstrategy’s shares fell 0.21% during the day to trade at US$256,67 at 9:00 p.m. in Hong Kong. Its share price has risen 60% since the start of the year, while Bitcoin values strengthened 67% in the same period.

See related article: Vitalik Buterin calls MicroStrategy’s Michael Saylor a ‘total clown’