MicroStrategy purchased 2,500 more Bitcoin
The announcement of the purchase was made today on his Twitter account by Michael Saylor, Founder and Executive Chairman of MicroStrategy.
To date, the company holds the stratospheric figure of 132,500 Bitcoins acquired for ~$4.03 billion at an average price of ~$30,397 per Bitcoin, as you can see a Form 8-K filing with the United States Securities and Exchange Commission (SEC). The announcement follows the one made at the end of June 2022 where Michael Saylor claimed to have bought another 480 Bitcoins, reaching the figure of 130,000 Bitcoins held.
This purchase is part of MicroStrategy's "Bitcoin Strategy" already announced by Saylor some time ago despite the bear market.
Full speed ahead Michael, Bitcoin supporters are all with you! Time will prove us right.
Disclaimer: I am not aware of any third party rights on the images used. I undertake to cite the source if there are any and to adjust the position if requested.
Disclaimer: Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives and your level of experience. Do Your Own Research. All opinions expressed here are owned by the respective writer and should never be considered as financial advice in any form.
ABOUT THE AUTHOR