MicroStrategy buys additional 301 Bitcoins making it a total of 130,000 Bitcoins
Take Away Points
- MicroStrategy Announced the purchase of extra 301 Bitcoins For $6.0 Million
- The Bitcoins increased the companies Holdings to 130,000 BTC
- Michael Saylor analyzed the purchase of the BTC
The Extra BTC
MicroStrategy, the intelligence Software producer, In a press release on Tuesday, announced the purchase of extra 301 bitcoins for $6.0 million. The purchase of the extra Bitcoins added to the total of their current holdings to 130,000 Bitcoins.
The Former CEO, and Current Executive Chairman, Michael Saylor analyzed the price rate. He also gave the total number of Bitcoins the company currently has.
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“MicroStrategy has purchased an additional 301 bitcoins for $6.0 million at an average price of $19,851 per Bitcoin. As of 9/19/22 Microstrategy holds 130,000 bitcoins acquired for $3.98 billion at an average price of $30,639 per bitcoin.” He said.
Saylor, one of the advocates of Bitcoin called “The Bitcoin Bull”, recently has been promoting the use of Bitcoin. In one of his comments, he described Bitcoin as money that will not fail you. According to Saylor, Bitcoin is a “Swarm of cyber hornets” that grow faster, smarter, and more potent behind a wall of “encrypted energy.”
This year, the MSTR stock fell and they have a net loss of $918.1 million compared to $414.2 million in 2021. It didn’t make the company lose hope in BTC. It was after the fall of the MSTR stock that the company announced the separation of the Chairman and CEO roles. Michael Saylor is to step down as CEO and as the Executive Chairman, and Phong Le is to Become the Chief Executive Officer.
