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MicroStrategy Buys $243 Million Worth of Bitcoin

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Mon, 13/09/2021 - 12:26
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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.

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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.     

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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