Microstrategy Buys 301 Bitcoin, Public Company Now Holds 130,000 BTC

Microstrategy Buys 301 Bitcoin, Public Company Now Holds 130,000 BTC


According to Microstrategy’s executive chairman Michael Saylor, his company has recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor detailed that the firm’s balance sheet now holds 130,000 bitcoins as the company’s stash is the largest number of bitcoins held by a publicly listed business today.

Microstrategy Acquires More Bitcoin at an Average Price of $19,851 per Coin

On Tuesday, Michael Saylor announced that Microstrategy acquired 301 BTC for $6 million and the company paid an average price of $19,851 per coin. It’s been a while since Microstrategy purchased bitcoin and the last time it acquired BTC was at the end of June. At the time, the company bought “approximately 480 bitcoins for approximately $10.0 million in cash.”

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