Nasdaq-listed MicroStrategy acquired an additional 229 BTC for $ 10 million.
MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. $MSTRhttps://t.co/fU6LN4WbKI
— Michael Saylor (@michael_saylor) May 18, 2021
Analytics software vendor Michael Saylor said the average purchase price was about $ 43,663.
As of May 18, 2021, MicroStrategy owns 92,079 BTC worth over $ 4 billion. Their average purchase price is $ 24,450.
According to Bitcoin Treasuries, the share of digital asset reserves in the company’s market capitalization is 85%.
In August 2020, MicroStrategy invested $ 250 million in Bitcoin. Later, the firm’s board of directors approved a policy of increasing investment in the first cryptocurrency at the expense of cash reserves.
In December, the company placed $ 650 million in convertible bonds for an additional purchase of digital gold.
In February 2021, the software provider additionally issued more than $ 1 billion in debt securities and again invested the raised funds in cryptocurrency.
In March, MicroStrategy acquired 328 BTC, about 205 BTC and 262 BTC. The firm invested $ 15 million each in digital gold in April and May.
Recall that the Board of Directors of MicroStrategy approved the procedure for paying remuneration in bitcoin.
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