MicroStrategy buys additional 301 Bitcoin for $6M


Enterprise intelligence agency MicroStrategy purchased 301 Bitcoins for $6 million at a median worth of $19,851 per BTC, in accordance with a Sept. 20 filing.

In response to the submitting, it made this buy between Aug. 2 and Sept. 19.

MicroStrategy now holds roughly 130,000 BTC bought for roughly $3.8 billion.

Based mostly on its latest buy, MicroStrategy holds virtually 10x extra BTC than the closest public firm holding the flagship asset, in accordance with Coingecko data.

On Sept. 9, MicroStrategy revealed it may promote as much as $500 million in its class A typical inventory to purchase extra Bitcoin.

MicroStrategy chairman Michael Saylor is a vocal Bitcoin supporter. He, alongside the agency, is dealing with costs from Washington DC over allegations of tax fraud.

Saylor lately said that his agency’s inventory had outperformed main tech firms like Google, Meta, Netflix, and Microsoft because it adopted the Bitcoin customary.

In the meantime, Bitcoin’s worth rose by 2.1% within the final 24 hours to $19,124. The asset’s worth had dipped to as little as $18,471 inside the earlier seven days.

Posted In: , Adoption





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