MicroStrategy Buys $243 Million Worth of Bitcoin

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Mon, 09/13/2021 - 12:26

Alex Dovbnya

MicroStrategy has added another $243 million worth of Bitcoin

MicroStrategy Buys $243 Million Worth of Bitcoin

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Business intelligence firm MicroStrategy has purchased an additional $242.9 million worth of Bitcoin, according to a recent regulatory filing.

The total amount of Bitcoin purchases by the firm during the third quarter of 2021 currently stands at $419 million.

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The company now holds roughly $5.1 billion worth of the largest cryptocurrency. Its average purchasing price is $27,713 per coin.

As reported by U.Today, MicroStrategy bought $177 million worth of Bitcoin in August.

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Bitcoin is currently trading at close to the $45,000 level on major spot exchanges.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.