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HomeCrypto CompanyMicroStrategy Increases Its Expanding Cryptocurrency Treasury By Additional 1,045 Bitcoin

MicroStrategy Increases Its Expanding Cryptocurrency Treasury By Additional 1,045 Bitcoin

As an American business intelligence company, MicroStrategy continues to increase its investments in the high-value digital currency, Bitcoin, as a reserve asset. The company recently disclosed its latest purchase of an additional 1,045 Bitcoin for approximately $29.3 million, at an average price of $28,016 per BTC.

With this recent purchase, MicroStrategy now owns a total of 140,000 Bitcoin as of April 5, 2023, which were purchased for approximately $4.17 billion at an average cost of $29,803 per BTC. This information marks a major turning point for the company, which continues to invest in Bitcoin as a reserve asset.

As a financial expert, I believe that MicroStrategy’s investments in Bitcoin reflect its appreciation for its high value and potential use as a tool to preserve wealth. Thus, these investments may encourage more companies to use Bitcoin as a reserve asset, reflecting business confidence in the future economic prospects of the digital currency.


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