The world’s richest bitcoin owner bought 480 BTC

MicroStrategy, which is the largest corporate owner of bitcoin, has bought 480 BTC to the 129,699 BTC it already owned.

The team’s CEO Michael Saylor announced this on Twitter. According to published information, the average purchase price was $ 20,817 per 1 coin. At the moment, the company owns bitcoin worth close to $ 4 billion.

MicroStrategy has purchased an additional 480 bitcoins for ~$ 10.0 million at an average price of ~$ 20,817 per #bitcoin. As of 6/28/22 @MicroStrategy holds ~129,699 bitcoins acquired for ~$ 3.98 billion at an average price of ~$ 30,664 per bitcoin. $MSTRhttps://t.co/leQYTXn817

— Michael Saylor⚡️ (@saylor) June 29, 2022

Earlier this month, there were many rumors that the company would face a margin call amid the decline in the value of cryptocurrencies. Saylor also commented on these rumors and stated that at the moment, they have only $ 200 million to return, which the company can easily cover. The only situation in which MicroStrategy can consider a partial sale of its assets is if the price of the No. 1 cryptocurrency drops by half.