MicroStrategy becomes unstoppable: 301 more bitcoins in its crypto-war chest

Compulsive buyer of BTC – If it is a method of communication, it is expensive but works effectively every time to make the front page of the media. MicroStrategy has just, once again, purchased bitcoins (BTC), as the company does regularly since August 2020. Or more exactly of convert its US dollars in what the company perceives as a best safe haven.

A fantastic mountain of 130,000 bitcoins, all round!

Since the summer of 2020, the company MicroStrategy buy massively bitcoins. She don’t hesitate to even go into debt to acquire more and more of this cryptocurrency. Today, September 20, 2022, a document filed by the company with the Securities and Exchange Commission (SEC) reveals that 301 BTC additional were added to its treasury.

As stated, Michael Saylorfounder (and now ex-CEO) from this Nasdaq-listed company, these bitcoins were acquired for an average price of $19,851 mon. i.e. a new investment of approximately $6 million in total. Thus, since September 19, MicroStrategy has reached the symbolic bar of 130,000 BTC.

The average unit cost price of this treasure is $30,639 by bitcoin. Close to $4 billion have thus been invested by MicroStrategy in Satoshi Nakamoto’s invention.

Twitter account @saylor

While the company Elon Musk’s Tesla dropped a big chunk of its 2021 investment in Bitcoin, MicroStrategy is holding firm and even continuing to increase his bet, very regularly. Michael Saylor’s business alone holds just over 0.6% of the total supply of bitcoins that will exist (21 million units).

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John R. Zepeda

I have extensive experience working as a content writer in the areas of cryptocurrencies and finance, where I create interesting pieces that both inform and engage their audiences.

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