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.