MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

MicroStrategy Spends Another USD 177M on Bitcoin

August 24, 2021
in Blockchain
Reading Time: 2 mins read
A A
MicroStrategy Spends Another USD 177M on Bitcoin
ShareShareShareShareShare

The first publicly-traded company to put bitcoin (BTC) on its balance sheet as a primary treasury reserve asset, US-based software intelligence firm MicroStrategy, announced yet another purchase of bitcoin.

This time, the company acquired BTC 3,907 for approximately USD 177m in cash at an average price of USD 45,294 per bitcoin, the company said in a statement.

According to the company’s founder and CEO, bitcoin bull Michael Saylor, the company now holds BTC 108,992 (purchased for c. USD 2.918bn) on its balance sheet.

This amount was acquired for an average price of USD 26,769 per bitcoin. However, at pixel time (UTC 12:40), the entire company’s stash is now worth around USD 5.36bn.

MicroStrategy has purchased an additional 3,907 bitcoins for ~$177 million in cash at an average price of ~$45,294 per #bitcoin. As of 8/23/21 we #hodl ~108,992 bitcoins acquired for ~$2.918 billion at an average price of ~$26,769 per bitcoin. $MSTRhttps://t.co/8jUlJImJbO

— Michael Saylor⚡️ (@michael_saylor) August 24, 2021

In some of the latest public remarks concerning their Bitcoin strategy, MicroStrategy affirmed that it has no specific target for their BTC holdings and they plan to continue raising money for buying bitcoin.

“We view our bitcoin holdings as long-term holdings, and we do not plan to engage in regular trading of bitcoin and have not hedged or otherwise entered into derivative contracts with respect to our bitcoin holdings,” the company said in June.

A constantly updated list of companies holding bitcoin as a reserve asset can be found here.

BTC is currently trading at USD 49,195. It’s down 2% in a day and up 6.8% in a week.

(Photo: Microstrategy)


Credit: Source link

ShareSendTweetPinShare
Previous Post

Chat App Giant Line to Hand out its Link Crypto to E-pay Customers

Next Post

CoinDCX Exchange Joins Ad Regulator Following Delhi High Court Notice

Next Post
CoinDCX Exchange Joins Ad Regulator Following Delhi High Court Notice

CoinDCX Exchange Joins Ad Regulator Following Delhi High Court Notice

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Ethereum NFT market witnesses a bullish trend

Ethereum NFT market witnesses a bullish trend

January 25, 2023
Gaming app scam: Probe reveals transactions worth ₹21.29 crore

Gaming app scam: Probe reveals transactions worth ₹21.29 crore

January 24, 2023
SEC Chair Gary Gensler Says There Are Three Ways to Tell If a Crypto Project Is a Scam

SEC Chair Gary Gensler Says There Are Three Ways to Tell If a Crypto Project Is a Scam

January 27, 2023
FTX cheated on Apple, Netflix, Blackrock, and Coinbase according to new court documents

FTX cheated on Apple, Netflix, Blackrock, and Coinbase according to new court documents

January 26, 2023
Why Did The Cardano Blockchain Fail Last Weekend? –

Why Did The Cardano Blockchain Fail Last Weekend? –

January 25, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Will Jim Cramer’s Bitcoin Price Prediction Be Wrong Again?
  • Cryptocurrency might be the greatest Ponzi scheme of all time
  • Hector Network launches its NFT marketplace on Fantom (FTM), Solana (SOL) price enters correction territory after 80% gains, Snowfall Protocol (SNW) price growth becomes the highest so far in 2023

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,508.00 2.33%
  • ethereumEthereum (ETH) $ 1,611.36 1.75%
  • tetherTether (USDT) $ 1.00 0.25%
  • usd-coinUSD Coin (USDC) $ 0.999698 0.01%
  • bnbBNB (BNB) $ 315.88 2.87%
  • xrpXRP (XRP) $ 0.414590 0.76%
  • binance-usdBinance USD (BUSD) $ 1.00 0.11%
  • cardanoCardano (ADA) $ 0.390525 1.3%
  • dogecoinDogecoin (DOGE) $ 0.090211 0.31%
  • matic-networkPolygon (MATIC) $ 1.16 3.47%
  • okbOKB (OKB) $ 39.77 3.3%
  • solanaSolana (SOL) $ 24.43 0.67%
  • staked-etherLido Staked Ether (STETH) $ 1,609.76 1.72%
  • polkadotPolkadot (DOT) $ 6.60 1.73%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 0.27%
  • litecoinLitecoin (LTC) $ 95.60 8.1%
  • avalanche-2Avalanche (AVAX) $ 20.65 1.56%
  • tronTRON (TRX) $ 0.063616 1.34%
  • uniswapUniswap (UNI) $ 6.91 2.12%
  • daiDai (DAI) $ 1.00 0.11%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,408.00 2.09%
  • cosmosCosmos Hub (ATOM) $ 13.52 0.99%
  • the-open-networkToncoin (TON) $ 2.49 3.05%
  • chainlinkChainlink (LINK) $ 7.42 1.46%
  • leo-tokenLEO Token (LEO) $ 3.67 1.6%
  • moneroMonero (XMR) $ 184.92 2.12%
  • ethereum-classicEthereum Classic (ETC) $ 22.43 2.66%
  • aptosAptos (APT) $ 18.33 4.57%
  • bitcoin-cashBitcoin Cash (BCH) $ 136.87 2.71%
  • stellarStellar (XLM) $ 0.093732 0.32%
  • apecoinApeCoin (APE) $ 6.16 1.47%
  • quant-networkQuant (QNT) $ 150.90 0.54%
  • nearNEAR Protocol (NEAR) $ 2.56 0.9%
  • crypto-com-chainCronos (CRO) $ 0.082124 0.54%
  • filecoinFilecoin (FIL) $ 5.39 0.98%
  • lido-daoLido DAO (LDO) $ 2.28 0.72%
  • algorandAlgorand (ALGO) $ 0.260057 1.34%
  • vechainVeChain (VET) $ 0.024744 1.95%
  • internet-computerInternet Computer (ICP) $ 6.12 3.78%
  • hedera-hashgraphHedera (HBAR) $ 0.068668 0.89%
  • axie-infinityAxie Infinity (AXS) $ 11.74 0.21%
  • decentralandDecentraland (MANA) $ 0.733796 4.85%
  • aaveAave (AAVE) $ 86.93 0.47%
  • fantomFantom (FTM) $ 0.477855 3.13%
  • eosEOS (EOS) $ 1.11 1.42%
  • the-sandboxThe Sandbox (SAND) $ 0.755212 1.23%
  • flowFlow (FLOW) $ 1.10 0.86%
  • elrond-erd-2MultiversX (EGLD) $ 45.08 0.48%
  • theta-tokenTheta Network (THETA) $ 1.11 1.92%
  • tezosTezos (XTZ) $ 1.18 5.97%