MicroStrategy Buys $191M Worth of Bitcoin

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.MicroStrategy now holds a total of 129,218 $BTC, valued at about $6 billion. Saylor says the company plans to hold them long-term and has no plans to sell.

The purchases were made through the company's MacroStrategy subsidiary, the company said.$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 about $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 a day between Dec. 30. and Jan. 31. In an earlier statement, the company indicated itRead more:Adds commentary on Silvergate Bank loan in third bullet point, share performance in sixth.

 

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