Michael Saylor’s MicroStrategy Buys 3,907 BTC for $177M, Holding Nearly 109k Bitcoins ($2.918B)

2021-8-24 17:14

Publicly-listed business intelligence company MicroStrategy which holds Bitcoin on its balance sheet, announced on Tuesday that it had bought an additional 3,907 BTC for $177 million in cash.

The company now holds a total of $108,992 Bitcoin, acquired for just over $2.9 billion. The average price of MicroStrategy's BTC acquisition now comes at $26,769 per Bitcoin.

Interestingly, the average price of its latest purchase was $45,294 per Bitcoin, while the leading cryptocurrency dropped to about $28,800 in June. Additionally, between May 17 and August 9th, the price of Bitcoin remained under $45,000, between $30k to $45k.

Despite this, MicroStrategy's average price is at nearly $45,300, while it has only been the last weekend that BTC surpassed $50k for the first time in three months and is trading around $48.5k, as of writing.

Bitcoin is currently the 7th largest asset with a market cap of roughly $925 billion. Its dominance is holding just above 44% in the crypto market, after bottoming out at 39.6% in late May.

Overall, Bitcoin dominance has been on a downtrend since late December 2020, when it was at a 3.5-years high of 73.62% as more and more coins continue to enter the market.

The shares of MSTRare trading at $707.47, up 42% from the May 19 low but nowhere close to the early February peak of $1,315.

Bitcoin/USD BTCUSD 48,504.7167 -$1,639.46 -3.38% Volume 35.77 b Change -$1,639.46 Open$48,504.7167 Circulating 18.8 m Market Cap 911.7 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD"); The post Michael Saylor’s MicroStrategy Buys 3,907 BTC for 7M, Holding Nearly 109k Bitcoins (.918B) first appeared on BitcoinExchangeGuide.

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Bitcoin & Company Network (BITN) на Currencies.ru

$ 3.4E-5 (-0.68%)
Объем 24H $0
Изменеия 24h: 7.68 %, 7d: 5.02 %
Cегодня L: $3.4E-5 - H: $3.4E-5
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Источник: bitcoinexchangeguide.com

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Фото:

Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy

Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins. Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares of Microstrategy’s Class A common stock (MSTR). The filing states: […]

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