MicroStrategy Buys an Additional 5,050 BTC for $243 Million

MicroStrategy continues to accumulate Bitcoin

Three weeks after its latest $177 million purchase of Bitcoin (BTC), MicroStrategy doesn’t seem to be satiated. The US company continues to roll out its investment strategy and has just purchased an additional 5,050 BTC. This purchase represents about $243 million, at an average price of $48,099 per BTC.

Having become a symbol in the Twitter crypto-sphere, it was MicroStrategy’s CEO himself, Michael Saylor, who confirmed and shared the information:

The full details of this transaction are detailed in this filing with the Securities and Exchange Commission (SEC).

According to data from the Bitcoin Treasuries website, this new purchase brings the company’s total reserve to 114,052 BTC, an investment of over $3.16 billion. At the time of writing, this one represents $5.1 billion, an increase of about 42%. In addition, MicroStrategy now holds 0.543% of the total bitcoins to be issued, or 21 million.

After making several large purchases late last year and early this year 2021, the company has continued to buy in smaller amounts over time. Since July 1, MicroStrategy has made a few purchases to the tune of $420 million and at an average price of $46,875.

Michael Saylor did not add any comment on this transaction. However, he tweeted minutes before the announcement, “Slow and steady wins the race,” summarizing the long-term investment strategy of the U.S. company.

Read about it – <a href=”https://cryptoast.fr/microstrategy-conseil-administration-bitcoin-btc/”>MicroStrategy now pays its board in Bitcoin (BTC)

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About the author: Lilian Aliaga

MicroStrategy Buys an Additional 5,050 BTC for $243 Million

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Freelance writer located between Paris and Toulouse. I want to share my passion for the world of crypto-currencies to as many people as possible. I am also interested in technical analysis and trading.
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