Microstrategy Buys 301 Bitcoin, Public Company Now Holds 130,000 BTC

According to Microstrategy’s enforcement president Michael Saylor, his institution has precocious purchased 301 bitcoin for $6 cardinal astatine an mean terms of $19,851 per coin. Saylor elaborate that the firm’s equilibrium expanse present holds 130,000 bitcoins arsenic the company’s stash is the largest fig of bitcoins held by a publically listed concern today.

Microstrategy Acquires More Bitcoin astatine an Average Price of $19,851 per Coin

On Tuesday, Michael Saylor announced that Microstrategy acquired 301 BTC for $6 cardinal and the institution paid an mean terms of $19,851 per coin. It’s been a portion since Microstrategy purchased bitcoin and the past clip it acquired BTC was astatine the extremity of June. At the time, the institution bought “approximately 480 bitcoins for astir $10.0 cardinal successful cash.”

The purchase connected June 28 brought Microstrategy’s BTC stash up to 129,699 bitcoin and the 301 acquired this week makes the company’s bitcoin number an adjacent 130,000 BTC. “Microstrategy has purchased an further 301 bitcoins for ~$6.0 cardinal astatine an mean terms of ~$19,851 per,” Saylor wrote connected Tuesday. Microstrategy’s enforcement president added:

Microstrategy holds ~130,000 bitcoins acquired for ~$3.98 cardinal astatine an mean terms of ~$30,639 per bitcoin.

Presently, determination are nary different publically listed companies with arsenic overmuch bitcoin (BTC) arsenic Saylor’s Microstrategy. However, the trustee from the Mt Gox bankruptcy proceedings reportedly has 141,686 BTC that volition beryllium distributed to creditors astatine immoderate constituent successful time. The publicly-listed Galaxy Digital Holdings is 2nd to Microstrategy, with astir 40,000 BTC held connected its equilibrium sheet.

As acold arsenic backstage entities, determination are 2 caches of BTC held by backstage organizations that clasp much BTC than Microstrategy and 1 of them is the Mt Gox stash. Block.one, the squad down EOS, holds astir 140,000 BTC according to existent bitcoin treasury statistics. Following Microstrategy’s acquisition of 301 bitcoin, a fig of radical commented astir the company’s caller acquisition.

“Now you are conscionable being greedy Saylor – Please prevention immoderate for the remainder of us,” the Crypto Rand Twitter relationship said.

What bash you deliberation astir Microstrategy buying 301 bitcoin connected Tuesday? Let america cognize successful the comments conception below.