MicroStrategy Scoops Up 5,445 BTC

MicroStrategy Scoops Up 5,445 BTC

American blockchain intelligence firm, MicroStrategy Incorporated has added another 5,445 Bitcoin (BTC) tokens to its bag, expanding its stance as one of the biggest institutional backers of the premier digital currency. 

The MicroStrategy Bitcoin Portfolio

According to the update shared by Michael Saylor, the Chairman of the company, the latest addition, worth approximately $147.3 million was acquired at an average price of $27,053 per Bitcoin. According to his update, Saylor noted that the company as of September 24 holds a total of 158,245 BTC acquired for about $4.68 billion at an average price of $29,582 per Bitcoin.

MicroStrategy’s positive stance in relation to Bitcoin acquisition remains a source of encouragement to the broader industry. With both criticism and accolades heaped on the company.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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