MicroStrategy has once again purchased more Bitcoin (BTC), with the company adding 3,907 BTC to its holdings.
According to a Form 8-K filing with the United States Securities and Exchange Commission published on Tuesday, the business intelligence upped its Bitcoin holdings by 3,907 BTC between July 1 and Monday, Aug. 23.
The SEC filing also revealed that MicroStrategy spent an average of $45,294 to acquire the additional Bitcoin.
With its latest purchase, Michael Saylor’s firm now holds 108,992 BTC, which cost the company about $2.918 billion to acquire at an average price of approximately $26,769 per “coin.”
With Bitcoin trading above $49,000, the company’s Bitcoin holdings are worth over $5.3 billion.
Title: MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC
Sourced From: cointelegraph.com/news/microstrategy-splashes-177m-on-bitcoin-now-holds-almost-109-000-btc
Published Date: Tue, 24 Aug 2021 14:13:15 +0100
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