Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC – Finance Bitcoin News


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.

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What do you think about Microstrategy acquiring all these coins? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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