The post Microstrategy Buys 301 Bitcoin for $6 million appeared first on Coinpedia Fintech News
MicroStrategy Incorporated already holds the highest amount of Bitcoin and it now revealed crypto holding expansion happening in recent times in the latest US SEC filings. MicroStrategy disclosed that it bought around 301 Bitcoins between August 2, 2022, to September 19, 2022, and the purchases were done completely in cash. The BTC assets were purchased for $6 million at an average price of approx $19,851 per token.
As per information, the approx cumulative acquisition price of Bitcoin holding stands at $3.98 billion and the average purchase price stands at $30,639 per BTC. MicroStrategy is continuing its bitcoin acquisition strategy even after CEO Michael Saylor backed off.