Microstrategy buys 301 Bitcoin, public company now owns 130,000 BTC – Bitcoin News

According to Microstrategy CEO Michael Saylor, his company recently bought 301 bitcoins for $6 million at an average price of $19,851 per coin. Saylor explained that the company’s balance sheet now contains 130,000 bitcoins because the company’s inventory is the largest number of bitcoins held by a publicly listed company today.

Microstrategy is gaining more bitcoin with an average price of $19,851 per coin

Tuesday, Michael Saylor announce Acquired by Microstrategy 301 BTC For $6 million, the company paid an average price of $19,851 per coin. It’s been a long time since Microstrategy bought bitcoin and the last time I got it BTC It was at the end of June. At the time, the company purchased “approximately 480 bitcoins for approximately $10.0 million in cash.”

Purchase brought on June 28 Microstrategy شركة BTC Stash up to 129,699 bitcoins and 301 acquired this week bring the company’s bitcoins up to 130,000 BTC. “Microstrategy bought an additional 301 bitcoins for $6.0 million at an average price of $1,851 per coin,” Saylor wrote on Tuesday. The CEO of Microstrategy added:

Microstrategy holds around 130,000 bitcoins acquired for $3.98 billion at an average price of $30.639 per bitcoin.

At the moment, no other publicly listed companies hold the same amount of bitcoin (BTC) as a Saylor mini strategy. However, the trustee of Mt Gox’s bankruptcy trial is reported to have 141,686 BTC which will be distributed to creditors at some point. Stock-listed Galaxy Digital Holdings is second only to Microstrategy, at around 40,000 BTC held in its balance sheet.

Regarding private entities, there are two types of caches BTC held by private organizations that own more BTC From Microstrategy and one of them is Mt Gox stash. Block.one, the team behind EOSaccommodating approximately 140,000 BTC according to the current Bitcoin vault stats. After Microstrategy’s purchase of 301 bitcoins, a number of people have commented on the company’s recent acquisition.

“Now you’re just a greedy Saylor – please save some for the rest of us,” Crypto Rand Twitter account He said.

Tags in this story

Bitcoin (BTC), block.one, BTC Balance Sheets, Crypto Rand, michael saylor, microstrategy’s Gox, public company, treasury bonds

What do you think about Microstrategy buying 301 bitcoin on Tuesday? Let us know in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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