MicroStrategy has purchased more than 5 thousand bitcoins, with an approximate total value of $240 million.
MicroStrategy, led by Michael Saylor, has actually bought greater than 5,000 bitcoins worth $242.9 million. Thus, the complete ownership of the business increased to over 114,042 BTC.
MicroStrategy founder and Chief Executive Officer Michael Saylor announced the current purchases through Twitter on Monday, September 13. According to the tweet, his company acquired 5,050 BTC at an average cost of about $48,099 per bitcoin.
MicroStrategy continually acquires the flagship cryptocurrency at every possible chance (check out the lows). In August, the last investment happened when the company obtained almost 4,000 bitcoins for about $ 177 million. The business analytics titan additionally bought greater than 13,000 BTC in June. At that time, he funded the financial investments with USD 500 million from the sale of bonds.
Based on the latest deal, the corporation now has a total of 114,042 BTC. The current monetary value of these coins is more than $5 billion.
Michael Saylor has previously demonstrated his faith in bitcoin. He recently claimed in an interview that he or his company would not sell their shares regardless of the price.
The acquisition announcement comes at a time when BTC has fallen by more than 2% in the last 24 hours. The largest cryptocurrency in terms of market capitalisation is currently trading at roughly $44,000 per coin.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.