MicroStrategy makes good on promise to buy another 17K Bitcoin

MicroStrategy makes good on promise to buy another 17K Bitcoin


MicroStrategy acquired 16,796 more Bitcoin for $175 million, adding to its previous purchase of 21,454 BTC. Now, it owns 38,250 Bitcoin according to its latest SEC disclosure. This occurred on the same day that its board of directors made the cryptocurrency its primary treasury reserve asset. It was also indicated that the company could add to its Bitcoin reserves in the near future. The company’s CEO Michael J. Slayer also restated the same information in a tweet from earlier today.

On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.

— Michael Saylor (@michael_saylor) September 15, 2020

Grayscale’s founder Barry Silbert reacted to the news with a tweet of his own, commenting on the race between the two companies in acquiring Bitcoin.

Apparently there

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