MicroStrategy has bought another $177m worth of bitcoins

August 30, 2021

MicroStrategy has bought another $177m worth of bitcoins

The value of the cryptocurrency, which the software maker owns, has approached $3 billion.

Public company MicroStrategy announced the purchase of 3.9 thousand bitcoins for about $177 million. The deal was done at an average price of the cryptocurrency of $45.2 thousand. Now the software producer holds a total of 108.9 thousand BTC worth $2.9 billion, with a market capitalization of $7 billion. The average purchase price for MicroStrategy is $26.7 thousand per bitcoin.

MicroStrategy has purchased an additional 3,907 bitcoins for ~$177 million in cash at an average price of ~$45,294 per #bitcoin. As of 8/23/21 we #hodl ~108,992 bitcoins acquired for ~$2.918 billion at an average price of ~$26,769 per bitcoin. $MSTR

MicroStrategy is the largest bitcoin holder among public companies, according to Bitcoin Treasuries. In second place is Tesla, which owns 43,200 bitcoins worth $2.1 billion, while Square is in third place with 8,000 BTC worth $396 million.

MicroStrategy completed a $500 million bond offering in mid-June, which was raised to buy the cryptocurrency. The company also said that it may sell its own shares worth up to $1 billion for additional investments in bitcoin.

The head of the company, Michael Saylor, is a strong supporter of the first cryptocurrency. He has said bitcoin will become the main savings vehicle of the 21st century, and called China's tighter regulation of mining and crypto-trading a trillion-dollar mistake.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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