• US Bitcoin Corp is settling with the City of Niagara Falls in NY to resume its mining operations.
• MicroStrategy (MSTR) purchased an additional 1,045 bitcoin (BTC) for a total of $23.9 million.
• This brings the company’s bitcoin holdings up to approximately 140,000, worth roughly $4 billion at the current price.
US Bitcoin Corp Settles with NY
U.S. Bitcoin Corp is expected to settle with the city of Niagara Falls in New York in a deal that will allow the mining firm to resume its bitcoin mining operations.
MicroStrategy Purchases Additional Bitcoin
Michael Saylor’s MicroStrategy (MSTR) purchased an additional 1,045 bitcoin (BTC) for a total of $23.9 million, according to a Securities and Exchange Commission filing. This latest purchase brings the company’s bitcoin holdings up to approximately 140,000, worth roughly $4 billion at the current price of $28,500. The overall average purchase price on those holdings is $29,803.
On March 27, MicroStrategy disclosed the purchase of 6,455 bitcoin for $161 million in the previous five weeks and also said it paid off what was left of its $205 million loan from failed Silvergate Bank.
Current Price & Market Movement
MSTR is higher by 1.2% premarket alongside bitcoin’s 1% overnight gain as of April 5th 2023 at 8:41 pm UTC . At this time ,the current price for BTC is 28500 USD .
Featured Speaker Alex Thorn
Alex Thorn , head of firmwide research at Galaxy will be speaking about “Bitcoin and Inflation: It’s Complicated” at Consensus 2023 .
Author Oliver Knight
Oliver Knight is a CoinDesk reporter based between London and Lisbon who does not own any crypto .