Companies • April 5, 2023, 8:56AM EDT 
Quick Take
- MicroStrategy purchased an additional 1,045 bitcoin.
- The firm now owns 140,000 bitcoin with an aggregate purchase price of $4.17 billion.
- MicroStrategy’s stock is up 105% year-to-date and rose 1.3% in pre-market trading.
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.
Connect/Create Wallet You can unlock at any time.* No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.*a 2% locking fee will be added at the time of locking. Learn more about Access Protocol 
MicroStrategy acquired an additional 1,045 bitcoin worth around $29.3 million, it revealed on Wednesday.
MicroStrategy shares have risen 105% year-to-date, while bitcoin is up over 72%. Shares in the firm are viewed by some as a proxy for investing in bitcoin due to its large exposure to the digital asset. MicroStrategy was up 1.3% in pre-market, trading around $303.
Founder and CEO Michael Saylor shared on Twitter that his firm acquired the new bitcoin at an average price of $28,016. The purchases were made between March 24 and April 4 while the crypto market was digesting further regulatory unease as the Commodity Futures Trading Commission (CFTC) brought a case against Binance and its CEO, Changpeng Zhao.
Today’s purchase comes hot on the heels of last week’s $150 million buy when the firm also cleared its loan with Silvergate. MicroStrategy and its subsidiaries now hold approximately 140,000 bitcoins — with an aggregate purchase price of approximately $4.17 billion, according to an 8-K filing with the SEC.
The software firm’s average purchase price is now $29,803. Bitcoin has been trading below this level since last June.
