On June 29, 2022, MicroStrategy Incorporated ("MicroStrategy") announced that it acquired approximately 480 bitcoins for approximately $10.0 million in cash between May 3, 2022 and June 28, 2022, at an average price of approximately $20,817 per bitcoin, inclusive of fees and expenses.
MicroStrategy and its subsidiaries held approximately 129,699 bitcoins as of June 28, 2022, for a total purchase price of approximately $3.98 billion and an average purchase price of approximately $30,664 per bitcoin, inclusive of fees and expenses.
Increasing their stake by more than .37% appears to be an excellent attempt to influence the market by purchasing Bitcoin dips and averaging down their total Bitcoin portfolio.
Furthermore, This is what Micheal Saylor had to say about Bitcoin and its benefits on the economy: “ #Bitcoin is a commodity, which is essential for any treasury reserve asset. This allows politicians, agencies, governments, & institutions to support bitcoin as a technology & digital asset to grow the economy and extend property rights & freedom to all.”
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