September 19, 2021

MicroStrategy bought bitcoins for another $ 177 million

The value of the cryptocurrency owned by the software maker is close to $ 3 billion.

Public company MicroStrategy announcedpurchase of 3.9 thousand bitcoins for about $ 177 million. The transaction was carried out at an average cryptocurrency price of $ 45.2 thousand. Now the software manufacturer holds a total of 108.9 thousand BTC for $ 2.9 billion, while the market the company's capitalization is $ 7 billion. The average purchase price for MicroStrategy is $ 26.7 thousand per bitcoin.

MicroStrategy is the largest Bitcoin holderamong public companies, according to Bitcoin Treasuries. Tesla is in second place in this indicator, which owns 43.2 thousand bitcoins worth $ 2.1 billion. The third line is occupied by Square with 8 thousand BTC with a total value of $ 396 million.

In mid-June, MicroStrategy completedplacement of bonds in the amount of $ 500 million. These funds were raised to buy cryptocurrency. The company also announced that it could sell its own shares worth up to $ 1 billion for additional investments in bitcoin.

Company CEO Michael Saylor is an active supporterthe first cryptocurrency. He said that bitcoin would become the main store of value for the 21st century, and called the tightening of mining and crypto trading regulation in China a trillion dollar mistake.