MicroStrategy, has snapped up another 301 BTC for $6 million, new filings to the U.S. Securities and Exchange Commission reveal!
Overall, it has spent $3.97 billion on building a crypto ’empire’ of 130,000 BTC, but at the time of writing, it’s worth $2.45 billion.
Tweet on Microstartegy’s BTC deal
MicroStrategy acquires 301 Bitcoins, & now holds 130K BTC in Total!
— The_Journalbiz (@the_journalbiz) September 22, 2022
The purchases were made between Aug. 2 and Sept. 19, for an average price of $19,851 per coin.
This means that the Bitcoin investment is already down by $300,000. at the time of writing, data shows BTC is trading at $18,964.
MicroStrategy is continuing to bet big on Bitcoin, even after Michael Saylor took a step back as CEO to become executive chairman.
- The business intelligence firm now owns 130,000 BTC
Overall, it has spent $3.97 billion on building this crypto war chest, but at the time of writing, it’s worth $2.45 billion.
Back in November, when Bitcoin hit an all-time high of $68,700, MicroStrategy was sitting on a profit of $4 billion.