Michael Saylor Buys Bitcoin (BTC) Again
Michael Saylor, once one of the biggest Bitcoin enemies, is now a big cryptocurrency maximalist. His company has been accumulating Bitcoin since 2021 and they make new purchases at frequent intervals. Michael Saylor just announced that they have made a new BTC purchase. So how much was the total reserve?
MicroStrategy Bought Bitcoin
According to the announcement made on Saylor's official X account, the company received another 122 BTC worth $ 7.8 million. The company's total Bitcoin reserve climbed to 214,400. The company, which bought BTC even during the most severe days of bear markets, now has a much larger reserve. Some prominent details of the announcement are as follows:
Since the end of the fourth quarter, 25,250 Bitcoins have been purchased for $1.65 billion, or $65,232 per Bitcoin.
As of April 26, the company has 214,400 BTC at an average cost of $35,180.
Total Revenues 115.2 million, down 5% from the previous year.
The company's subscription Services Revenues reached 23.0 million, up 22% from the previous year.
Bitcoin price surpassed $63,000 again following the announcement.
