Coinspeaker
MicroStrategy Buys More Bitcoins Taking Total Treasury Value Above $4.5B
On Wednesday, June 28, business intelligence firm MicroStrategy announced the purchase of over 12,000 Bitcoins worth $350 million. As we know, MicroStrategy is the largest corporate holder of Bitcoins and the recent purchase takes its Treasury value to more than $4.5 billion while holding a total of 152,333 Bitcoins.
As per the filing with the US Securities and Exchange Commission MicroStrategy said that they bought 12,333 bitcoins for approximately $347 million in the period between April 29 and June 27. In terms of the Bitcoin count, this also turns out to be the largest one-time purchase by the company so far.
As per the filing, the average price of Bitcoin holding for the company is $29,668 per BTC. MicroStrategy, a company specializing in business intelligence, mobile software, and cloud-based services, currently possesses a larger amount of Bitcoin than any other publicly traded company.
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