MicroStrategy buys an additional 5,050 BTC

MicroStrategy, a provider of analytics software, has purchased an additional 5,050 BTC for about $242.9 million. This was disclosed by the company’s chief, Michael Saylor.

MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. $MSTRhttps://t.co/2ESbTy6ad7

— Michael Saylor⚡️ (@michael_saylor) September 13, 2021

The average purchase price was $48,099 per coin. As of September 12, MicroStrategy owns 114,042 BTC — having spent about $3.16 billion, based on an average purchase price of $27,713 per bitcoin.

In August 2020, MicroStrategy became the first among public companies invested a portion of its own capital ($250 million) in Bitcoin. Later the company’s board approved a policy to increase investments in digital gold using cash reserves.

In the United States, such investments were pursued by Square Джека Дорси and Tesla Илона Маска.

In December, MicroStrategy placed convertible bonds for $650 million to buy Bitcoin.

In February, the software provider issued debt securities for more than $1 billion and again invested the raised funds in cryptocurrency.

In March, MicroStrategy purchased 328 BTC, around 205 BTC and 262 BTC. For $15 million the firm invested in digital gold in April and May. Later the company bought 229 BTC for $10 million.

In June the organization invested another $489 million in the primary cryptocurrency, buying 13,005 BTC, and in August — additional $177 million.

Earlier this month, Saylor said that Bitcoin has the potential to become an ‘asset of the future’, to be owned by everyone—from small investors to large technology companies and governments.

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