According to the company's chief executive officer, Michael Saylor, the public listed firm purchased more bitcoin totaling a whopping $15 million in cash and thus adding to their reserves totaling 91,579 Bitcoins.
It would appear that month after month, MicroStrategy continued to purchase bitcoin (BTC) and add it to the firm’s balance sheet. The most recent was today when the company disclosed to the SEC in a Form 8-K that it purchased 253 bitcoins for $15 million in cash.
The SEC filing states
On April 5, 2021, MicroStrategy Incorporated announced that it had purchased approximately 253 bitcoins for $15 million in cash, at an average price of approximately $59,339 per bitcoin, inclusive of fees and expenses. As of April 5, 2021, the Company holds approximately 91,579 bitcoins that were acquired at an aggregate purchase price of $2.226 billion and an average purchase price of approximately $24,311 per bitcoin, inclusive of fees and expenses.
According to the company, they hope to purchase a total of 100,000 bitcoins and if that is the case, then they need approximately 8,421 more bitcoins to go before they are able to reach their target.
Microstrategy is said to hold 0.432% of the total supply of Bitcoin (BTC) valued at approximately $5.4 Billion.
In my analysis, this could cause a sudden pump in the current price of Bitcoin. Lets wait and see what happens.
Dont forget to follow me 