MicroStrategy bought BTC for another $ 177 million

MicroStrategy, the largest Bitcoin holder among publicly traded companies in the United States, has purchased an additional 3,907 BTC for $ 177 million.

According to filing with the US Securities and Exchange Commission (SEC), the average cost of purchased bitcoins, including commissions and fees, was $ 45,294. Now the total amount of bitcoins in MicroStrategy wallets has reached 108,992 BTC at an average price of $ 26,769.

Thus, since August last year, the company has bought bitcoins worth $ 2.918 billion. At the time of publication, MicroStrategy has bitcoins worth at its disposal. $ 5.25 billion

After the initial purchase of bitcoins with spare funds, MicroStrategy’s management issued bonds, the money from the sale of which went to additional purchases of BTC. The company also plans to sell its own shares in the amount of $ 1 billion and invest most of the money received in the first cryptocurrency.

MicroStrategy CEO Michael Sailor has repeatedly spoken out in favor of cryptocurrencies. In early August, he expressed confidence in the optimistic future of bitcoin and said that sooner or later it will become one of the generally accepted forms of ownership.

Source Link

You may also like