MicroStrategy bought another 3907 BTC
MicroStrategy regularly reports online about its financial investments in cryptocurrencies, and August was no exception. Michael Saylor revealed that the company spent another $177 million to buy Bitcoins.
After a massive acquisition of 13,005 Bitcoins worth about $489 million at the end of June, MicroStrategy has had a temporary “summer lull”. However, autumn is already close, and with it the most active financial period for many large companies. On the eve of it, MS is confidently continuing to pour money into the main cryptocurrency on the market.
This time, the purchase was 3907 BTC, worth $177 million, with an average coin value of $45,294. This fact was recorded in the report of the SEC company. In his Twitter report, Saylor also elaborated on this, noting that the company's total cryptocurrency supply has now reached 108,992 Bitcoins, equivalent to more than $5.279 billion at Huobi's exchange rate.
The real value of all previously purchased assets, according to the head of MicroStrategy, cost the company $2.918 billion, with the average cost of one Bitcoin being $26,769.
MicroStrategy announced its first purchase of the main cryptocurrency a year ago in August 2020. Since then, it has steadily increased its position, despite the mistrust of the new asset class on the part of many institutional enterprises. Michael Saylor, in turn, made a lot of efforts to promote the philosophy of cryptocurrency to the masses, although he recently joined the ranks of Bitcoin enthusiasts.
Meanwhile, shares of MicroStrategy (MSTR), which sank to $655.05 in mid-August, showed a slight increase, in parallel with the increase in the Bitcoin rate to $50,000, reaching $698. At the same time, the annual growth of the company's shares amounted to more than 370%.
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