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"DCA works," wrote Binance CEO in response to the purchase. On June 28, software analytics firm MicroStrategy announced the corporate purchase of 12,333 Bitcoin (BTC), worth $347 million at the time of publication. After the transaction, the total balance of Bitcoin owned by MicroStrategy has increased to 152,333 ($4.52 billion) with an average purchase price of $29,668 apiece.  The total average purchase price is close to the $28,136 apiece purchase price disclosed in today's announcements. The coins were bought between April 27 and June 27. The purchase was partly financed with the issuance of new stock, as the company wrote: "On May 1, 2023, MicroStrategy entered into a Sales Agreement with Cowen and Company, LLC and Canaccord Genuity LLC, as sales agents, pursuant to which MicroStrategy may issue and sell shares of its class A common stock, par value $0.001 per share ("Shares"), having an aggregate offering price of up to $625.0 million from time to ...

Also Read: U.S. Debt Ceiling Talks Set To Resume; Will Crypto Market Rally? advertisement As per MicroStrategy, It is the largest public company holder of Bitcoin. MSTR revealed that as of March 31, 2023, it is holding 140K Bitcoins (approx worth $3.78 billion on 22 May 2023). It mentioned that the company bought these BTC at an original cost basis of $4.17 billion. The market value of MSTR’s Bitcoin holdings stood at around $3.986 billion. This is twice the amount it carried in its BTC on the consolidated balance sheet. (THIS IS A DEVELOPING STORY) Recommended Articles Crypto Telegram Channels List 2023 [Updated] Must Read Crypto Presale Projects For 2023 To Invest; Updated List Must Read Top 10 Cloud Mining Sites To Mine In 2023 , Here’s The List ! Must Read Top Crypto Marke...