Business intelligence software firm, MicroStrategy, sticks to its promise as it has acquired more Bitcoin. Company executive chairman Michael Saylor, who recently stepped down as CEO to solely focus on the company’s Bitcoin strategy, on Tuesday announced their smallest purchase in two years of 301 BTC at an average price of $19,851 per coin.
Having spent around $6 million on its latest addition of Bitcoin, MicroStrategy now holds an even 130,000 BTC and remains the leading corporation keeping Bitcoin. The last time the Nasdaq listed software company added more of flagship cryptocurrency to its balance sheet was in June of this year when it acquired 480 coins.
Breaking the news to his 2.7 million Twitter followers, Saylor shared the filing with the US Securities and Exchange Commission:
“MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per bitcoin.”
Saylor also confirmed the firm’s total holdings acquired for roughly $4 billion, which at current prices of $18,858 per coin, would mean an unrealized loss of close to $1.5 billion:
“As of 9/19.22 MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.”
At the beginning of September, MicroStrategy revealed plans to sell up to $500 million in stock with proceeds to be used to purchase more of the top cryptocurrency.
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Source: Igaming
