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More Bitcoin for MicroStrategy—Buys 5,050 BTC for $240M

More Bitcoin for MicroStrategy
  • Michael Saylor’s MicroStrategy has bought more Bitcoin.
  • The company’s BTC holding has risen to a total of 114,042 BTC.
  • Also, in just Q3, the company has bought over $400M of BTC.

What’s a dip without Michael Saylor getting his hands on more Bitcoin?

The CEO took to Twitter yet again to share that the Data Intelligence company has grabbed even more Bitcoin. He tweeted:

Again, as per the format of all his previous Bitcoin-buying tweets, Saylor wrote that as of September 12, 2021, MicroStrategy HODLs 114,042 bitcoins. He also shares their total value which stands at almost $3.16 billion.

In addition to this, Saylor shared a link to the official SEC document that recognized the purchase. His announcement on Twitter was replied to by many followers, a lot of whom took note of the fact that Saylor never lets a dip go by without buying Bitcoin. Many others also speculated that the company sells Bitcoin secretly, without disclosing it.

Crypto community speculations aside, it really is astounding that MicroStrategy has now purchased over $400 million worth of bitcoin in just Q3 alone. Is it true that by buying at strategic moments, Saylor intends to influence the top crypto’s price? We’ll just have to wait to find out. As of now, BTC’s price stands at $44,664.

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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.