On April 5, MicroStrategy announced that during the period from March 24, 2023 to April 4, 2023, it, together with its subsidiaries, acquired approximately 1.045 bitcoins for approximately $29,3 million in cash, at an average price of approximately $28.016 per bitcoin, inclusive of fees and expenses.
As of April 4, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 140.000 bitcoins, which were purchased at an aggregate purchase price of approximately $4,17 billion and an average purchase price of approximately $29.803 per bitcoin, inclusive of fees and expenses.
MicroStrategy is an American technology company that develops enterprise software, including business intelligence systems, enterprise mobility, and cloud analytics. It was founded in 1989 by Michael J. Saylor and Sanju Bansal.
Michael Saylor is the CEO of MicroStrategy and is known for his focus on bitcoin adoption and blockchain technology. In 2020, Saylor announced that his company had purchased over 90.000 bitcoins as a store of value strategy to protect against the inflation of the US dollar.
The Bitcoin DCA (programmed purchase) strategy is a way that MicroStrategy has been steadily purchasing Bitcoin at regular intervals of time, regardless of the market price. The DCA strategy allows them to accumulate a large amount of Bitcoin over time, regardless of short-term price fluctuations. Saylor has said that he sees Bitcoin as a superior asset to cash and bonds over the long term, and that the DCA strategy is a way to hedge against inflation and increase the value of the company over the long term.
