MicroStrategy (MSTR), the bitcoin-accumulating business-intelligence software company, announced today, a purchase of another 4,167 BTC valued at $190.5 million.
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Purchases took place between Feb. 15 and April 4, MicroStrategy said in a statement Tuesday.
The Tysons Corner, Va.-based firm paid an average of $45,714 per bitcoin.
The cash used to purchase the bitcoins likely stems from proceeds of MicroStrategy’s recent $205 million loan from Silvergate Bank, Mark Palmer, an equity research analyst at BTIG, told clients in a note Tuesday.
MicroStrategy now holds a total of 129,218 bitcoins, valued at around $6 billion at the current price of about $46,742. CEO Michael Saylor has said on several occasions that the company plans to hold the bitcoin long term and has no plans to sell it.
The bitcoin acquired across the 49-day period averages to 85 a day, up from the 20 it acquired per day between Dec. 30. 2021 and Jan. 31 2022. In an earlier statement, the company indicated it hadn’t bought any bitcoin in the first half of February.
MicroStrategy shares fell as much as 1% in early trading.
