MicroStrategy, the listed company with the largest number of bitcoin holders in the world, disclosed on Tuesday that it spent about $177 million on another 3907 bitcoins from July 1 to August 23.
The average purchase price of these bitcoins is $45294, about 7% lower than the current price, but higher than the 50-day moving average of $37849.
This brings the total number of bitcoins held by MicroStrategy to 108992. The total purchase price of these bitcoins is $2.918 billion, with an average price of $26769 each.
MicroStrategy founder and CEO Michael Sailer (Michael Saylor), one of the largest bulls in the cryptocurrency industry, had previously boasted that he influenced Tesla, Inc.Made the decision to invest 1.5 billion dollars in Bitcoin.
The price of Bitcoin briefly broke through $50000 on Monday, but now it has fallen back to about $48100. At that price, the total value of bitcoin held by MicroStrategy is about $5.24 billion.
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