Bitcoin

MicroStrategy doles out $240M on further Bitcoin buy

Enterprise intelligence outfit and company Bitcoin (BTC) whale MicroStrategy has elevated its BTC possession with the extra buy introduced on Monday.

MicroStrategy CEO Michael Saylor announced the acquisition of 5,050 BTC for about $242.9 million at a median of $48,099 per coin.

In a Type 8-K filing with the US Securities and Alternate Fee revealed on Monday, MicroStrategy acknowledged that it has added 8,957 BTC to its company Bitcoin treasury in Q3 2021.

As beforehand reported by Cointelegraph, MicroStrategy lately purchased 3,907 BTC at the price of about $177 million between July 1 and Aug. 23.

Following the newest Bitcoin acquisition, the corporate now holds about 114,042 BTC acquired at an combination buy price of $3.16 billion.

Based on the Type 8-K doc, MicroStrategy’s Bitcoin price comes right down to about $27,713 per BTC inclusive of charges and varied bills.

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