MicroStrategy takes its Bitcoin holdings to 114,000 BTC ($5.1 billion)

Sep 13, 2021 | The Block News | 0 comments

microstrategy-takes-its-bitcoin-holdings-to-114,000-btc-($5.1-billion)

Business intelligence firm MicroStrategy has purchased a further 5,050 bitcoin, taking its total holdings to 114,042 BTC, according to a statement today.

The firm spent $3.16 billion on this entire stash, which has a current value of $5.1 billion — a 42% gain.

Since making several major purchases toward the end of last year and the beginning of this year, the firm has continued to buy smaller amounts over time. This latest bitcoin bump cost the firm $242.9 million at an average price of $48,099. This implies that the firm bought the bitcoin before the price crash on September 7.

MicroStrategy CEO Michael Saylor did not comment on the buy, but ahead of his announcement post about it, tweeted, “Slow and steady wins the race.”

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

News Source from TheBlockCrypto.com

Related Articles

Reddit seeks ‘engineers and leaders’ for a possible NFT platform

The social discussion site Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods.  According to a post for a Senior Backend Engineer from this week: “We are looking for strong engineers and leaders to...

Pin It on Pinterest

Share This