Microstrategy, listed on the Nasdaq, has bought 5,050 more Bitcoins for 243 million US dollars, increasing its total Bitcoin inventory to 114,042 coins.
Microstrategy continues to expand its Bitcoin supply
Pro-bitcoin software company Microstrategy announced on Monday that it had bought more bitcoins. CEO Michael Saylor tweeted:
Microstrategy purchased an additional 5,050 bitcoins for $ 242.9 million in cash at an average price of $ 48,099 per bitcoin. On 9/12/21 we hold ~ 114,042 bitcoins that were purchased for ~ $ 3.16 billion at an average price of ~ $ 27,713 per bitcoin.
The company also informed the US Securities and Exchange Commission of its Bitcoin purchase on Monday. The filing stated that Microstrategy “bought approximately 8,957 bitcoins for about $ 419.9 million in cash in the third quarter, at an average price of about $ 46,875 per bitcoin, including fees and expenses.”
The number of 8,957 BTC includes the purchase of 3,907 BTC announced in August.
Last week, Saylor announced that his company avoided “a multi-billion dollar mistake” by choosing to invest in Bitcoin instead of gold.
What do you think of Microstrategy buying all these coins? Let us know in the comments section below.
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