MicroStrategy Buys 301 More Bitcoins, Now Holds Almost 130K

The firm has purchased the 301 bitcoin for an average price of $19,851 per coin.Read MoreCoinDesk

MicroStrategy (MSTR) bought 401 bitcoins (BTC) between Aug. 2 and Sept. 19 for approximately $6 million.

The firm bought the world’s largest cryptocurrency at an average price of approximately $19,851 per bitcoin.

MicrosStrategy, led by CEO Michael Saylor, is a well known “holder,” a strategy of accumulating crypto. It now has almost 130,000 bitcoins, acquiring them for a total purchase price of $3.98 billion. This represents an average purchase price of $30,639 per bitcoin.

At press time, bitcoin was trading at $19,138.

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Leave a Reply

Your email address will not be published. Required fields are marked *