Breaking: MicroStrategy Buys Additional 5K Bitcoin ($BTC) Worth $243 Million

Michael Saylor MicroStrategy Bitcoin BTC n5JuHK

Microstrategy has continued its Bitcoin buying streak in September as the company bought an additional 5,050 BTC worth $242.9 million at $48,099 per $BTC. The latest purchase takes MicroStrategy’s total Bitcoin investment to over $3 billion. This would also mark the Fortune 500 companies’ biggest one-time cash purchase. The company now holds a total of 114,042 BTC on its balance sheet.

MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. $MSTRhttps://t.co/2ESbTy6ad7
— Michael Saylor (@michael_saylor) September 13, 2021

The recent cash purchase by MicroStrategy has also shut down rumors of a possible Bitcoin dump by the company which was on the rise post the last week’s flash crash. A recent report suggested that top executives in the company unloaded a total of over $120 million in $MSTR

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Źródło: https://coingape.com/breaking-microstrategy-buys-additional-5k-bitcoin-btc-worth-243-million/

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