{"id":3562,"date":"2023-06-28T20:40:30","date_gmt":"2023-06-28T20:40:30","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=3562"},"modified":"2023-06-28T20:40:30","modified_gmt":"2023-06-28T20:40:30","slug":"microstrategy-has-acquired-12333-btc","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/microstrategy-has-acquired-12333-btc","title":{"rendered":"MicroStrategy Has Acquired Another 12,333 BTC For $347 Million, Bringing Their Total to 152,333 BTC"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/microstrategy-has-acquired-12333-btc\/#MicroStrategy_Buys_Bitcoin_worth_347_Million\" title=\"MicroStrategy Buys Bitcoin worth $347 Million\">MicroStrategy Buys Bitcoin worth $347 Million<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/microstrategy-has-acquired-12333-btc\/#Despite_a_downward_trend_Bitcoins_price_holds_near_30K\" title=\"Despite a downward trend, Bitcoin&#8217;s price holds near $30K\">Despite a downward trend, Bitcoin&#8217;s price holds near $30K<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/microstrategy-has-acquired-12333-btc\/#There_have_been_mixed_reactions_from_the_crypto_community\" title=\"There have been mixed reactions from the crypto community\">There have been mixed reactions from the crypto community<\/a><\/li><\/ul><\/nav><\/div>\n<p>A clear demonstration of MicroStrategy&#8217;s belief in Bitcoin has rippled through the <a href=\"https:\/\/digitalcoinprice.com\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> market. The company has acquired a total of 152,333 bitcoins since it announced an additional 12,333 Bitcoins.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#bitcoin<\/a>. As of 6\/27\/23 <a href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@MicroStrategy<\/a> hodls 152,333 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$MSTR<\/a> <a href=\"https:\/\/t.co\/joHo1gEnR0\" target=\"_blank\">https:\/\/t.co\/joHo1gEnR0<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1674025857063571456?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 28, 2023<\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"MicroStrategy_Buys_Bitcoin_worth_347_Million\"><\/span>MicroStrategy Buys Bitcoin worth $347 Million<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Michael Saylor&#8217;s <strong><a href=\"https:\/\/www.microstrategy.com\/en\" target=\"_blank\" rel=\"noopener\">MicroStrategy<\/a> <\/strong>Incorporated announced an exciting Bitcoin acquisition on June 28, 2023. Approximately 12,333 bitcoins were purchased by MicroStrategy and its subsidiaries between April 29 and June 27, 2023. With fees and expenses included, this purchase cost $347.0 million in cash.<\/p>\n<p>This acquisition has significantly strengthened MicroStrategy&#8217;s Bitcoin portfolio. Approximately 152,333 bitcoins were held by the company and its subsidiaries as of June 27, 2023. A total of $4.52 billion was spent on acquiring these digital assets. Considering fees and expenses, they purchased each Bitcoin for approximately $29,668 on average.<\/p>\n<p>A Sales Agreement between MicroStrategy and Cowen and Company, LLC and Canaccord Genuity LLC added another layer to its strategic financial maneuvers on May 1, 2023. MicroStrategy&#8217;s stock, whose par value is $0.001, would be distributed and sold by these companies acting as sales agents.<\/p>\n<p>The agreement allows for an aggregate offering price of up to $625.0 million, enabling MicroStrategy to raise funds as needed over time.<\/p>\n<p>Fast forward to June 28, 2023. As of June 27, 2023, MicroStrategy announced that 1,079,170 shares were successfully issued and sold. After accounting for sales commissions and expenses, this strategic move generated approximately $333.7 million in net proceeds for MicroStrategy.<\/p>\n<p class=\"blog-post-sec-title\"><a href=\"https:\/\/digitalcoinprice.com\/blog\/top-11-ways-to-make-passive-income-with-bitcoin-btc-in-india\"><strong>Top 11 ways to make passive income with Bitcoin (BTC) in India<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Despite_a_downward_trend_Bitcoins_price_holds_near_30K\"><\/span>Despite a downward trend, Bitcoin&#8217;s price holds near $30K<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the first corporations to adopt Bitcoin is MicroStrategy. The company had never looked back since August 2020, when CEO Michael Saylor made its first Bitcoin purchase. MicroStrategy is one of the largest corporate Bitcoin holders with this latest acquisition, worth approximately $347 million.<\/p>\n<p>Currently, Bitcoin&#8217;s price is downward after not responding to the news. During the last 24 hours, BTC has gained over 1.5% to $30.3K.<\/p>\n<p>In addition to recent developments in Bitcoin Exchange-Traded Fund (ETF) applications, MicroStrategy has taken aggressive steps to acquire Bitcoin from several sources. This provides a bullish rally for Bitcoin and MicroStrategy&#8217;s Bitcoin acquisition as major asset management firms have filed for the BTC Spot ETF.<\/p>\n<p class=\"blog-post-sec-title\"><a href=\"https:\/\/digitalcoinprice.com\/blog\/what-might-happen-if-you-invest-100-in-bitcoin-today\"><strong>What happens if you invest just $100 in Bitcoin (BTC)?<\/strong><\/a><\/p>\n<h3 class=\"h2\"><span class=\"ez-toc-section\" id=\"There_have_been_mixed_reactions_from_the_crypto_community\"><\/span>There have been mixed reactions from the crypto community<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Many prominent crypto industry figures responded positively to the announcement. Despite the high costs of MicroStrategy&#8217;s techniques, Changpeng Zhao of Binance, the world&#8217;s largest crypto exchange, declared that the<strong><a href=\"https:\/\/academy.binance.com\/en\/articles\/dollar-cost-averaging-dca-explained?utm_campaign=googleadsxacademy&amp;utm_source=googleadwords_int&amp;utm_medium=cpc&amp;ref=T79EQ4P0&amp;gclid=Cj0KCQjwtO-kBhDIARIsAL6LordjWuqlAyYU7miQP28SKe7fz_VlN0LEqC5aHomprHXA2L4jBWiSuOsaAozaEALw_wcB\" target=\"_blank\" rel=\"nofollow noopener\"> DCA method<\/a><\/strong> works.<\/p>\n<p>An investment strategy that uses dollar-cost averaging is Dollar Cost Averaging, in which a fixed amount of a financial asset is regularly purchased, regardless of its price.<\/p>\n<p>OpenCallCapital, a decentralized investment platform, discussed MicroStrategy&#8217;s increasing Bitcoin holdings. Approximately 0.725% of the total Bitcoin supply of 21 million is held by MicroStrategy, which owns 152,333 BTC at the moment.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">That is 0.0072539524 from the 21M total supply.. if the institutional bitcoin holders get the 80% Bitcoin supply it will become a controlled asset and centralize supply but the technology behind for transaction still in Decentralized.. <a href=\"https:\/\/twitter.com\/Bitcoin?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@binance<\/a> <a href=\"https:\/\/twitter.com\/okx?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@okx<\/a> <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@coinbase<\/a> <a href=\"https:\/\/twitter.com\/krakenfx?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@krakenfx<\/a>\u2026 <a href=\"https:\/\/t.co\/wZ6wVmhWim\" target=\"_blank\">https:\/\/t.co\/wZ6wVmhWim<\/a><\/p>\n<p>\u2014 OpenCallCapital (@OpenCallCapital) <a href=\"https:\/\/twitter.com\/OpenCallCapital\/status\/1674073028446044161?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 28, 2023<\/a><\/p><\/blockquote>\n<p>A significant portion of the Bitcoin supply accumulated by institutional holders could lead to centralization. OpenCall Capital raised concerns about this. Although ownership concentration has occurred, BTC&#8217;s decentralized technology remains untouched.<\/p>\n<p>According to Eric Weiss, a digital asset manager, MicroStrategy&#8217;s strategic move was hailed by Eric Weiss, a digital asset manager.<br \/>\n&#8220;In less than three years, MicroStrategy can help every company 10x its enterprise value,&#8221; Weiss pointed out.<\/p>\n<p>Additionally, the news raised questions regarding central banks&#8217; potential involvement in the future. The US Federal Reserve is expected to announce its ownership of 2.8 million Bitcoins later this year, according to an American crypto enthusiast. The total acquisition cost was $4.52 trillion, averaging $1,615,257 per Bitcoin.<\/p>\n<p>Bitcoin&#8217;s potential impact on the market and the long-term implications of central banks embracing it are raised in this hypothetical scenario.<br \/>\nCrypto Basic reported last year that the Chinese authorities hold more Bitcoin than MicroStrategy, despite the firm&#8217;s continuous acquisitions.<\/p>\n<p>Although MicroStrategy has been continually stockpiling Bitcoin, the Chinese government holds more BTC than MicroStrategy, according to a report <a href=\"https:\/\/twitter.com\/americanhodl8\/status\/1674076190011957249\" target=\"_blank\" rel=\"nofollow noopener\"><strong>published<\/strong> <\/a>by The Crypto Basic last year.<\/p>\n<p class=\"blog-post-sec-title\"><strong>Also Read:<\/strong> <a href=\"https:\/\/digitalcoinprice.com\/blog\/best-crypto-to-buy-now-top-picks\"><strong>Don\u2019t Miss These 10 Coins With 30x Potential in 2023<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A clear demonstration of MicroStrategy&#8217;s belief in Bitcoin has rippled through the Bitcoin market. The company has acquired a total of 152,333 bitcoins since it announced an additional 12,333 Bitcoins. MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin. As of 6\/27\/23 @MicroStrategy hodls 152,333 $BTC [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,13],"tags":[111,22,86,112,110],"class_list":["post-3562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-updates","category-bitcoin","tag-333-btc","tag-bitcoin","tag-btc","tag-microstrategy","tag-microstrategy-has-acquired-another-12"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=3562"}],"version-history":[{"count":3,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3562\/revisions"}],"predecessor-version":[{"id":3566,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/3562\/revisions\/3566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/3563"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=3562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=3562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=3562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}