On April 21st, COINOTAG News reported a significant cryptocurrency transaction by MicroStrategy, which invested $555.8 million to procure 6,556 bitcoins at an average price of $84,785 for each coin during the period spanning April 14th to April 20th. This acquisition underscores MicroStrategy’s ongoing commitment to Bitcoin as a key asset in their portfolio. As of April 20, 2025, the company’s holdings have reached an impressive 538,200 BTC, translating to a market valuation of approximately $36.47 billion and an average purchase cost of $67,766 per bitcoin. Such strategic investments highlight the company’s enduring bullish stance on Bitcoin’s long-term potential, reflecting broader trends in the institutional adoption of cryptocurrency.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024