Nasdaq-listed Microstrategy has bought 5,050 extra bitcoins for $243 million, elevating its complete bitcoin holdings to 114,042 cash.
Microstrategy Continues to Develop Its Bitcoin Stash
The professional-bitcoin software program firm Microstrategy introduced Monday that it has bought extra bitcoins. CEO Michael Saylor tweeted:
Microstrategy has bought an extra 5,050 bitcoins for ~$242.9 million in money at a mean value of ~$48,099 per bitcoin. As of 9/12/21 we hodl ~114,042 bitcoins acquired for ~$3.16 billion at a mean value of ~$27,713 per bitcoin.
The corporate additionally knowledgeable the U.S. Securities and Change Fee (SEC) about its bitcoin buy Monday. The submitting states that within the third quarter Microstrategy “bought roughly 8,957 bitcoins for about $419.9 million in money, at a mean value of roughly $46,875 per bitcoin, inclusive of charges and bills.”
The 8,957 BTC determine contains the three,907 BTC buy that was announced in August.
Final week, Saylor revealed that his firm prevented “a multi-billion greenback mistake” by selecting to spend money on bitcoin as a substitute of gold.
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