MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC MAP: fiatleak.com/btc
MicroStrategy bought the latest Bitcoin stash at an average price of $27,053 per coin, or 9% lower than the average purchase price of its entire BTC purchase.
MicroStrategy, a business intelligence firm and major Bitcoin investor, is sending a bullish signal to the market by announcing the acquisition of another big stash of cryptocurrency.
Michael Saylor , co-founder and executive chairman of MicroStrategy, took to X (formerly Twitter) on Sept. 25 to announce a 5,445 BTC purchase by the firm. The coins were bought for $147.3 million in cash at an average price of $27,053 per BTC.
According to a Form 8-K filing with the United States Securities and Exchange Commission, MicroStrategy and its subsidiaries acquired the amount between Aug. 1 and Sept. 24.