MicroStrategy Acquires Additional 301 Bitcoins and Now Holds 130,000 Bitcoins in Total
The software house remain the company with the largest amount of Bitcoin in the world.
Software firm MicroStrategy acquired approximately 301 bitcoins for approximately $6.0 million in cash, the company announced on a financial record.
The purchase has been made during the period between August 2, 2022 and September 19, 2022 for an average price of approximately $19,851 per bitcoin, inclusive of fees and expenses.
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I— Michael Saylor⚡️ (@saylor) September 20, 2022
MicroStrategy purchased the bitcoins using excess cash.
As of September 19, 2022, MicroStrategy remain the company with the largest amount of Bitcoin in the world: the firm held an aggregate of approximately 130,000 bitcoins, which were acquired at an aggregate purchase price of approximately $3.98 billion and an average purchase price of approximately $30,639 per bitcoin, inclusive of fees and expenses.
At the beginning of August, MicroStrategy CEO and founder Michael Saylor resigned from his role as CEO – replaced by his deputy Phong Le – to become executive chairman of the software firm, focusing solely on Bitcoin.