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MicroStrategy Now Has 100000 Bitcoins After Buying Extra, Worth $500 Million


MicroStrategy obtained another substantial amount of 13,0000 bitcoins and the company now possesses 100,000 coins.

So, MicroStrategy now owns 0.5% of all bitcoins that will ever exist after buying additional hunks of 13,005 bitcoins.

The institutor and administrator of the NASDAQ-listed firm declared the recent purchase earlier on June 21st.

This happened after the company  upraised  $500 million via an offering of senior secure notes, as announced earlier.

MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin. As of 6/21/21 we #hodl ~105,085 bitcoins acquired for ~$2.741 billion at an average price of ~$26,080 per bitcoin. $MSTR

Michael Saylor (@michael_saylor) June 21, 2021

As Saylor described, the 13,005 coins were bought for just under $500 million with a standard price of $37,617.

With this enormous purchase, MicroStrategy possesses 105,085 bitcoins. It has assigned an entire amount of above $2.7 billion in the cryptocurrency at an average price of $26,080.

From a percentage sentiment, the total amount of  coins MicroStrategy has now is 0.5% of all bitcoins that will ever exist and 0.56% of the tokens presently in circulation.

Aside its considerably investment in BTC, the company and its administrator have also done several other pro-bitcoin ventures.

MicroStrategy arranged an online BTC  seminar for directorates from big firms, focusing to rundown the profits of investing in the earliest asset.

The company made bitcoin its treasury reserve asset and began rewarding non-employee executives in bitcoin instead of money.

Furthermore, Saylor started a course of its own for retail investors and has used every  occasion to applaud the cryptocurrency on conventional media.


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