Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC – Finance Bitcoin News

Nasdaq-listed Microstrategy has bought 5,050 extra bitcoins for $243 million, elevating its whole bitcoin holdings to 114,042 cash.

Microstrategy Continues to Grow Its Bitcoin Stash

The pro-bitcoin software program firm Microstrategy introduced Monday that it has bought extra bitcoins. CEO Michael Saylor tweeted:

Microstrategy has bought a further 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 firm additionally knowledgeable the U.S. Securities and Exchange Commission (SEC) about its bitcoin buy Monday. The submitting states that within the third quarter Microstrategy “bought roughly 8,957 bitcoins for roughly $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 introduced in August.

Last week, Saylor revealed that his firm averted “a multi-billion greenback mistake” by selecting to spend money on bitcoin as a substitute of gold.

What do you consider Microstrategy buying all these cash? Let us know within the feedback part under.

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