MicroStrategy, the company that hit the sum of 140,000 bitcoins on April 4, 2023, now has one in every 138 coins ever issued, making it one of the largest known whales.
In an announcement via Twitter, Michael Saylor, the company’s founder and former CEO, announced the purchase of an additional 1,045 bitcoins for its store of value. A total of $29.3 million was spent on the purchase, with an average cost per coin of $28,016.00.
Remarkably, the purchase has increased the number of bitcoins purchased by the company, which has frequently purchased the digital currency since 2020. According to the executive, there is no better currency than bitcoin in today’s world.
With 140 thousand bitcoins purchased, the whale has already spent more than $4 billion on purchases
Considered a large institutional whale, MicroStrategy (NASDAQ:MSTR) continues to defend its long position in bitcoin.
With a new purchase last Tuesday, the company has now spent 1/138, as it has 140,000 bitcoins of the 19.3 million already spent.
In announcing the new acquisition, Saylor stated that his company has already spent more than $4 billion on purchases, showing a big bet on the future of the digital currency.
“MicroStrategy purchased an additional 1,045 bitcoins for $29.3 million at an average price of $28,016 per bitcoin. As of 4/4/2023, MicroStrategy has 140,000 bitcoins purchased for approximately $4.17 billion at an average price of $29,803 per bitcoin. $MSTR.”
MicroStrategy has another 1,045 #bitcoin for ~$29.3 million at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv
—Michael Saylor⚡️ (@saylor) April 5, 2023
What draws attention to the company’s movement in the market is that its stock is also benefiting from the rise of bitcoin. The dollar price of BTC rose more than 70% in the first quarter of 2023.
MicroStrategy shares, listed on Nasdaq, are already up 102% since January 1, 2023, according to data from Google Finance, today trading at US$293.15 per unit.

Buy all at once like Elon Musk’s Tesla, or buy little by little like Michael Saylor?
What is notable about Michael Saylor and MicroStrategy’s frequent purchases is that he follows the basic principles of the average price in dollars, known to bitcoiners only as DCA, or Dollar cost averaging.
With higher frequency purchases, MicroStrategy uses a long-term strategy, aiming for superior returns with the rise of the market, believing in the fundamentals of the asset, in this case bitcoin.
When Tesla bought bitcoin from Elon Musk, the company took another course of action, buying it for billions of dollars all at once. Without much faith in the long-term fundamentals of the digital currency, the company, also listed on the stock exchange, ended up selling most of its assets, also with losses.
That is, the different billionaires who bet on bitcoin for the future have different strategies, which have yet to prove to be the most promising in the long run.
Source: Live Coins

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.