The value of the cryptocurrency owned by the software maker approaches $ 3 billion.
The public company MicroStrategy announced the purchase of 3.9 thousand bitcoin for about $ 177 million. The transaction was carried out at an average cryptocurrency price of $ 45.2 thousand.
Now the software manufacturer holds a total of 108.9 thousand BTC for $ 2.9 billion ., while the market capitalization of the company is $ 7 billion. The average purchase price for MicroStrategy is $ 26.7 thousand per bitcoin.
MicroStrategy has purchased an additional 3,907 bitcoins for ~$177 million in cash at an average price of ~$45,294 per #bitcoin. As of 8/23/21 we #hodl ~108,992 bitcoins acquired for ~$2.918 billion at an average price of ~$26,769 per bitcoin. $MSTRhttps://t.co/8jUlJImJbO
— Michael Saylor⚡️ (@michael_saylor) August 24, 2021
In mid-June, MicroStrategy completed a $ 500 million bond placement. These funds were raised to buy cryptocurrency. The company also announced that it could sell its own shares worth up to $ 1 billion for additional investments in bitcoin.
The head of the company, Michael Saylor, is an active supporter of the first cryptocurrency.
Michael Saylor said that bitcoin will become the main store of value for the 21st century, and called the tightening of regulation of mining and crypto trading in China as a trillion dollar mistake.