Microstrategy Buys $175m More In Bitcoin; Now Hodling $425m

Michael Saylor, the founding father of MicroStrategy, stated Tuesday his firm has acquired an extra $175 million in bitcoin (BTC) in a single buy.

Saylor stated on Twitter that his enterprise intelligence firm had accomplished the acquisition of 16,796 bitcoin on Monday.

This has considerably elevated the entire dimension of MicroStrategy's bitcoin holdings as much as 38,250 bitcoin – value roughly $416 million at present costs.
MicroStrategy advised the Securities and Trade Fee (SEC) on Monday that it “might enhance” its BTC holdings above the $250 million bought in August.

Right here's what the official Tweet learn:

On September 14, 2020, MicroStrategy accomplished its acquisition of 16,796 further bitcoins at an combination buy value of $175 million. Thus far, now we have bought a complete of 38,250 bitcoins at an combination buy value of $425 million, inclusive of charges and bills.

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