Tuesday, June 25, 2024

MicroStrategy Increased Investments In Bitcoin By $ 240 Million

The largest cryptocurrency holder among public companies now owns 114 thousand BTC, the value of which exceeds $ 5 billion. The market capitalization of MicroStrategy itself is $ 6 billion

The largest cryptocurrency holder among public companies – MicroStrategy has increased its investments in bitcoin. The software developer purchased 5,050 bitcoin for $ 242.9 million at an average price of $ 48,000 per digital coin.

MicroStrategy CEO Michael Sailor announced this on Twitter :

As of September 12, the company owns 114 thousand bitcoin, the purchase of which was spent $ 3.16 billion. The average cost of one bitcoin is $ 27.7 thousand.

The market value of the first cryptocurrency, which is owned by MicroStrategy, exceeds $ 5 billion (according to the current exchange rate at 16:20 MSC September 13). At the same time, the market capitalization of the company itself is $ 6 billion.

The last time MicroStrategy invested in bitcoin was at the end of August. Then the company bought a cryptocurrency for $ 177 million.

The head of the company, Michael Sailor, is an active supporter of the first cryptocurrency. He said that bitcoin would become the main store of value for the 21st century, and called the tightening of mining and crypto trading regulation in China a trillion dollar mistake.

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