Michael Saylor’s MicroStrategy Buys 5,050 More Bitcoin As Total Investment Exceeds $3.1 Billion

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Michael Saylor’s MicroStrategy Buys 5,050 More Bitcoin As Total Investment Exceeds $3.1 Billion

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On Monday MicroStrategy CEO Michael Saylor introduced that the agency bought an extra 5,050 bitcoin for about $242.9 million in money through the third quarter interval.

The agency bought the cash at a median value of $48,099 per bitcoin. Saylor tweeted, “As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at a median value of ~$27,713 per bitcoin.”

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The acquisition fulfills Michael Saylor’s pledge, through the agency’s Q2 earnings name, to buy extra bitcoin, and comes simply weeks after MicroStrategy bought an extra 3,907 bitcoin for about $177 million in money.

In the course of the third quarter of 2021 MicroStrategy bought a complete of 8,957 bitcoin for about $419.9 million. The typical value per Bitcoin was $46,875.

So far, the corporate holds roughly 114,042 bitcoin, acquired at an combination buy value of $3.16 billion and a median value per bitcoin of $27,713 per bitcoin, inclusive of charges and bills. The agency owns extra Bitcoin than another public firm on this planet.

The acquisition comes after MicroStrategy bought off its class A standard inventory in Jeffries, an ATM facility. In the course of the third quarter, MicroStrategy bought an combination of 555,179 shares of the ATM facility at a median gross value per share of $727.64 for about $399.9 million.

MicroStrategy has positioned itself as a frontrunner within the Bitcoin area by advocating for and serving to different corporations, corresponding to Tesla, to transform their stability sheets from {dollars} to Bitcoin.

Notably, MicroStrategy doesn’t partake in any Bitcoin lending or put money into another cryptocurrency. The agency’s constant technique has been to purchase Bitcoin with money, to self-custody it and to hodl it indefinitely.

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