MicroStrategy buys over 3,000 more Bitcoin

TL;DR Breakdown MicroStrategy buys over 3,000 more BTC.BTC investment in line with CEO’s promise in Q2.Firm now owns over $5.3bn BTC worth. American business intelligence firm, MicroStratrgh has again invested a huge amount in Bitcoin. The firm has Bought 3,907 Bitcoin. This is according to a Form 8-K filing with the Security and Exchange Commission publication on Tuesday. MicroStrategy made the investment between July 1 and August 23. CEO Michael Saylor also made the announcement in a tweet explaining that it was MicroStrategy’s investment for the third quarter. The SEC document revealed that MicroStrategy spent an average of $45,294 to acquire the additional 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. $MSTRhttps://t.co/8jUlJImJbO— Michael Saylor (@michael_saylor) August 24, 2021 The figures in the SEC document were all confirmed by Michael Saylor. The purchase also is in line with saylor’s promise when the firm rolled out its Q2 earning. With Bitcoin trading above $49,000, the company now holds 108,992 Bitcoins worth over $5.3 billion. MicroStrategy becomes firm with largest BTC stash The firm ‘s 108,992 BTC is bought at an average of $26,769 per BTC. MicroStrategy announced its first Bitcoin pu...