MicroStrategy Purchases 5,050 More Bitcoins, Now Holds $3.16B in BTC

Written By Guest User

Full article by Tanzeel Akhtar here.

Key Points:

  • MicroStrategy, the business-intelligence software company, has stated on Monday that it has added an additional 5,050 BTC to its holdings.

  • The company holds a total of 114,042 BTC as of September 12, 2021 at an average purchase price of $27,713 per bitcoin.

  • MicroStrategy has spent a total of $3.16 billion dollars on Bitcoin investments since August 2020.

  • It has purchased about 8,957 bitcoin for $419.9 million during Q3 between July 1st and September 12th.

  • Michael Saylor, CEO of MicroStrategy, has made bitcoin acquisition a second mandate for the company. Its primary objective is developing software.

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