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MicroStrategy Buys 301 More Bitcoins, Now Holds Almost 130K
The software company purchased the additional coins at an average price of $19,851.
MicroStrategy (MSTR) bought 301 bitcoins (BTC) between Aug. 2 and Sept. 19 for about $6 million, according to a filing with the U.S. Securities and Exchange Commission on Tuesday.
The software company that was co-founded by entrepreneur and crypto advocate Michael Saylor bought the world's largest cryptocurrency at an average price of $19,851 per coin, the filing said.
STORY CONTINUES BELOW
MicroStrategy is a well-known bitcoin holder, putting the cryptocurrency in its reserves. It now has almost 130,000 bitcoins, acquiring them for a total price of $3.98 billion, or $30,639 per coin.
At press time, bitcoin was trading at $19,138.
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
