MicroStrategy buys 301 BTC worth $6 million

The company has a total of 130 000 bitcoins on its balance sheet

20.09.2022 - 15:25

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What’s new? On September 20, MicroStrategy announced the purchase of 301 bitcoins worth $6 million. The assets were bought between August 2 and September 19 at an average price of $19 851 per coin, including fees. As of September 19, MicroStrategy had 130 000 bitcoins on its balance sheet, purchased for $3,98 billion (the average price was $30 639). This is according to a report for the US Securities and Exchange Commission (SEC).

Report for the SEC

What is known about MicroStrategy? It is a business intelligence software company. It is the largest cryptocurrency holder among public companies. It was founded in 1989 by Michael Saylor, Sanju Bansal and Thomas Spahr. On August 8, Saylor, the head of MicroStrategy, left his post as head of the board of directors, with Phong Le taking his place.

As of September 20 at 14:50 UTC, MicroStrategy (MSTR) shares are trading at $196,97, having lost 4,48% in a day, according to Investing.com.

MicroStrategy bought 480 bitcoins worth $10 million on July 28 at $20 817 per coin.

To read experts' opinions on whether MicroStrategy will sell its reserves of the first cryptocurrency, see GetBlock Magazine's article.

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