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MicroStrategy CEO and big cryptocurrency enthusiast Michael Saylor announced in a Twitter post yesterday that the company had bought bitcoins again. The company currently owns more than 100,000 BTC.
MicroStrategy buys BTC again
MicroStrategy has been buying the world’s most important cryptocurrency for several months now. With the purchase of another 13,005 BTC for less than $ 500 million, the company owns 0.5% of all bitcones that will ever exist.
Michael Saylor, the company’s CEO, informed about the purchase of BTC. He said in a contribution that MicroStrategy had purchased another 13,005 BTC for $ 489 million. At present, the company holds 105,085 bitcoins.
MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin. As of 6/21/21 we #hodl ~105,085 bitcoins acquired for ~$2.741 billion at an average price of ~$26,080 per bitcoin. $MSTRhttps://t.co/gLfnOxZEZc
— Michael Saylor (@michael_saylor) June 21, 2021
For an average price of $ 26,080, the company holds a digital asset worth $ 2.7 billion. In addition to purchasing, the company also tries to educate in the field of cryptocurrencies and help with the adoption of Bitcoin.
Michael Saylor has recently appeared in various cryptocurrency forums and conferences. He recently attended one of the largest bitcoin conferences in the world. Michael Saylor is also a member of the Bitcoin Mining Council, which seeks to gather miners and emphasize ecology.
MicroStrategy also hosted an online BTC conference for executives from large corporations to outline the benefits of investing in cryptocurrencies. MicroStrategy even started paying some of its partners in BTC.
At the time of writing, the price of BTC is around $ 32,556 KMC.
Conclusion
Michael Saylor certainly does not lose his faith in the most important cryptocurrency in the world. MicroStrategy is thus becoming a big bitcoin whale. You can view the entire BTC purchase document under the attached link HERE. [1]
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