Business intelligence and analytics software firm, MicroStrategy announced its newest bitcoin purchase.
The company spends overs over $240 million to buy up 5,050 units of Bitcoin ($BTC). Additionally, Each costs an average price of $48,099.
Furthermore, this brings their total bitcoin holdings to 114,042 with an average price of $27,713.
Also, The company’s CEO, Michael Saylor, publicized the purchase through Twitter
“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.”
Michael Saylor, September 13.
Saylor is one of the most active believer and investor of Bitcoin as a store of value.
“Slow and steady wins the race.” said Saylor, referring to how his company buys bitcoin over the years.
MicroStrategy started purchasing Bitcoin from August 2020. For instance, the aggregate purchase cost of $3.16 billion which now worth over $5.1 billion worth of Bitcoin. This shows a whopping gain of up to $2billion.