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MicroStrategy Buys More Bitcoin, HODLs 105,085 BTC

MicroStrategy Buys More Bitcoin, HODLs 105,085 BTC
  • MicroStrategy founder Michael Saylor just tweeted news of his company buying more BTC.
  • In fact, they have purchased an additional 13,004 bitcoins for almost $489 million in cash.
  • As of today, the company holds $2.741 billion worth of bitcoin in total.

MicroStrategy founder and CEO Michael Saylor just shared the news on his Twitter that his company has purchased an additional 13,005 bitcoins for almost $489 million in cash.

The famed entrepreneur declared on his official public Twitter account, that as of 21st June, his company ‘HODL’ approximately 105,085 bitcoins. Not just this, but he added that they acquired the total for $2.741 billion at an average price of almost $26,080 per bitcoin.

Along with the announcement, he shared a link to the official MicroStrategy blog. Here, the additional info shared included mention of MacroStrategy LLC, which is a subsidiary of MicroStrategy. Moreover, as per the blog, it holds approximately 92,079 of the bitcoins.

This isn’t just a one-time thing. In fact, Saylor has long been an advocate of Bitcoin. Recently, he has been very active on his Twitter account, sharing posts that hope for and expect a Bitcoin rise. In one of his tweets, he shared an old interview he gave where he spoke of Apple being bullish. Placing the top tech company in parallel with the top crypto, he said, ‘Bitcoin is a dominant monetary network that everyone needs, no one can stop, and few understand.” Just earlier this month, MicroStrategy also released news that it was going to raise $400 million to buy more Bitcoin. In fact, MicroStrategy and Michael Saylor’s interest in the coin has been a major driver of its price. How this impacts BTC’s value, we’ll just have to wait and see. As of today, Bitcoin is valued at  $32,368, an 18.11% fall from last week’s price.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.