MicroStrategy add $242 million Bitcoin to stash By BTC Peers

0
30
© Reuters. MicroStrategy add $242 million Bitcoin to stash

MicroStrategy, a business intelligence firm and corporate whale, announced on Monday that it had acquired an additional 5,050 BTC for about $242.9 million.

Following its latest purchase, MicroStrategy has now bought 8,957 in the third quarter of 2021 (approximately $419 million). Recall that in August, the US-based NASDAQ-listed firm purchased 3,907 BTC at an average price of $45,294 per BTC in August. In total the company’s Bitcoin stash has grown to roughly $5.1 billion at an average buying price is $27,713 per BTC.

Meanwhile, as of press time, Bitcoin was trading close to $45,000 on several exchange platforms. The flagship cryptocurrency has dropped by 3.7% in the last 24 hours and 14.1% over the past seven days.

MicroStrategy’s disclosure comes a few days after El Salvador announced a 150 BTC purchase ahead of the full implementation of El Salvador’s Bitcoin Law.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.