Nasdaq-listed business intelligence company MicroStrategy has once again taken advantage of the recent dip and announced that it has bought more Bitcoins. The recent purchase has taken the number of Bitcoins held by the company to over 110,000 BTC.
According to the announcement by CEO Michael Saylor, he has purchased about 5050 BTC, totaling $242 million. The average acquisition price for this additional purchase was $48,099 per BTC. The announcement, made via a Twitter post, read:
“MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. $MSTR.”
This purchase brought MicroStrategy’s total holdings to 114,042 BTC. The company has now set a new record for the number of Bitcoins held as a listed company.
As of September 12, the total value of MicroStrategy’s holdings amounted to $3.16 billion with an average acquisition price of $27,713 per BTC.
In addition to this announcement, MicroStrategy announced that it has sold a total of 555,179 shares for an average of $ 727 from July 1st to September 12th. The company had announced in June that it would sell up to $1 billion worth of shares and use them to fund the purchase of Bitcoin.