MicroStrategy Inc. disclosed in a regulatory filing on 11 August that it bought 155 bitcoin between 4 and 10 August for approximately $18 million
MicroStrategy Inc. disclosed in a regulatory filing on 11 August that it bought 155 bitcoin between 4 and 10 August for approximately $18 million, paying an average $116,401 per coin.
The fresh purchase lifts the company’s cache to 628,946 BTC, acquired for a cumulative $46.09 billion at an average price of about $73,288. At prevailing market prices the trove is worth roughly $73 billion, giving the business-intelligence software firm an unrealised gain of more than $27 billion.
The announcement coincides with the fifth anniversary of MicroStrategy’s decision to adopt Bitcoin as its primary treasury reserve asset on 11 August 2020, when it spent $250 million to acquire 21,454 BTC at roughly $11,500 each. Since then, the company—led by Executive Chairman Michael Saylor—has accumulated nearly 629,000 coins, reinforcing its status as the largest corporate holder of Bitcoin.
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Source: https://thedefiant.io/news/blockchains/microstrategy-marks-five-years-bitcoin-new-155-coin-purchase-1a812ba2