Fun

Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC

News Feed - 2021-09-14 01:09:07

Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC


Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash


The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per bitcoin. As of 9/12/21 we hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin.


The company also informed the U.S. Securities and Exchange Commission (SEC) about its bitcoin purchase Monday. The filing states that in the third quarter Microstrategy “purchased approximately 8,957 bitcoins for approximately $419.9 million in cash, at an average price of approximately $46,875 per bitcoin, inclusive of fees and expenses.”


The 8,957 BTC figure includes the 3,907 BTC purchase that was announced in August.


Last week, Saylor revealed that his company avoided “a multi-billion dollar mistake” by choosing to invest in bitcoin instead of gold.


What do you think about Microstrategy acquiring all these coins? Let us know in the comments section below. Payments Giant Mastercard Acquires Blockchain Intelligence Firm Ciphertrace FINANCE | 4 days ago Matrixport Launches "BTC-U Range Sniper" — Returns Up to 200% for Accurate Predictions FINANCE | 6 days ago Tags in this story microstrategy, microstrategy bitcoin, microstrategy bitcoin holdings, microstrategy btc, microstrategy buys bitcoin, microstrategy crypto


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed
Alice Ivey12 hours agoHow to land a high-paying job as an AI prompt engineerDiscover the essential steps, skills and strategies needed to land a lucrative career in the rapidly growing field of AI customization and fine-
2023-07-09 20:07 PM
Publicly Listed Maker of Billion-User Chinese App Meitu Buys $40 Million of Bitcoin and Ether for Its Treasury
Publicly Listed Maker of Billion-User Chinese App Meitu Buys $40 Million of Bitcoin and Ether for Its Treasury One of China’s top internet app makers, Meit
2021-03-09 09:45 AM
Digital Chamber raises privacy concerns over IRS crypto tax draft
Amaka Nwaokocha9 seconds agoDigital Chamber raises privacy concerns over IRS crypto tax draftThe Chamber proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate, such as NF
2024-06-22 17:59 PM
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Ahead of Big Week of Economic Data
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Ahead of Big Week of Economic Data Bitcoin consolidated below the $24,000 level on Feb. 27, as cryptocurrency markets prepare
2023-02-27 22:30 PM
Bitfarms announces $240M mining upgrade to triple post-halving hash rate
Arijit Sarkar1 hour agoBitfarms announces $240M mining upgrade to triple post-halving hash rateBitfarms holds $66 million in cash and 806 BTC in its treasury, giving it a total liquidity of $123 million.1129 Total views2
2024-04-03 16:28 PM
Turner Wright6 hours agoUS DoJ is concerned about a run on Binance should prosecutors bring fraud charges: ReportOfficials reportedly speculated an indictment against Binance in the U.S. could cause a run on the exchange
2023-08-03 02:14 AM
DEF buys patent to stop lawsuits against MakerDAO and Compound
Derek Andersen4 hours agoDEF buys patent to stop lawsuits against MakerDAO and CompoundThe patent for “oracle-like” data storage contained technology that was already in existence, DEF said.796 Total views8 Total sha
2024-08-13 04:30 AM
Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson
Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson The Bank of Ghana recently warned businesses quoting U.S. dollar prices that the prac
2022-11-05 21:30 PM
Rich Dad Poor Dad’s Robert Kiyosaki Advises Investors How to Profit From Inflation
Rich Dad Poor Dad’s Robert Kiyosaki Advises Investors How to Profit From Inflation The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has given some a
2022-03-06 11:30 AM
Marcel Pechman2 hours agoBitcoin traders’ bullish bias holds firm even as BTC price dips to $37KBTC’s correction reveals a disconnect between pro traders’ confidence and retail investors’ skepticism amid regulato
2023-11-28 06:40 AM
Ana Paula Pereira5 hours agoDeFi protocols Exactly, Harbor hacked in separate attacksA fresh round of attacks targeted the DeFi ecosystem on Aug. 18. The Exactly protocol was exploited for nearly $7.3 million, while the
2023-08-20 03:15 AM
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustmen
2022-11-22 02:30 AM