Michael Saylor’s MicroStrategy buys 3,907 extra Bitcoin as whole funding approaches $ 3 billion

On Tuesday, MicroStrategy CEO Michael Saylor announced that the company purchased an additional 3,907 Bitcoin for approximately $ 177 million in cash during the third quarter.

The company bought the coins at an average price of $ 45,294 per bitcoin. Saylor tweeted: “On 8/23/21 #hodl we purchased ~ 108,992 bitcoins for ~ 2.918 billion US dollars at an average price of ~ 26,769 US dollars per bitcoin.”

The purchase fulfills Michael Saylor’s promise during the company’s Q2 earnings call last month to buy more Bitcoin.

MicroStrategy currently holds a total of 108,992 bitcoins that were purchased at an average price of approximately $ 26,769 per bitcoin for a total purchase price of $ 2.918 billion. The company owns more Bitcoin than any other publicly traded company in the world

The purchase comes after MicroStrategy sells its Class A common stock in Jeffries, an ATM facility. In the third quarter, MicroStrategy sold a total of 238,054 shares of the ATM facility at an average gross price of $ 753.21 per share for approximately $ 177.5 million.

MicroStrategy has positioned itself as a leader in the bitcoin space by advocating for other companies like Tesla and helping them move their balance sheets from dollars to bitcoin.

In particular, MicroStrategy does not participate in Bitcoin loans or invest in other cryptocurrencies. The company’s consistent strategy was to buy Bitcoin with cash, store it yourself, and hold it indefinitely.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Is there a risk of a Bitcoin value “double bubble”? Bitcoin

Is there a risk of a Bitcoin value “double bubble”?

The following is from a recent issue of Deep Dive, Bitcoin Magazine's premium market...

By wpadminsonic164
Corporations with 100,000 wealth managers can now put money into Bitcoin via the NYDIG partnership Bitcoin

Corporations with 100,000 wealth managers can now put money into Bitcoin via the NYDIG partnership

SIMON Markets LLC has partnered with New York Digital Investment Group LLC (NYDIG) to...

By wpadminsonic164
They assist quick sellers after they earn curiosity on bitcoin Bitcoin

They assist quick sellers after they earn curiosity on bitcoin

Why do institutes issue interest-related payments on your Bitcoin deposits?The only reason is that...

By wpadminsonic164
Educating Monetary Schooling within the Age of Bitcoin Bitcoin

Educating Monetary Schooling within the Age of Bitcoin

I recently met with a group of high school graduates who are going to...

By wpadminsonic164
Hier ist, warum Bitcoin Ihre Hoffnung im Leben verjüngt Bitcoin

Hier ist, warum Bitcoin Ihre Hoffnung im Leben verjüngt

Ein düsterer Ausblick in die Zukunft ist angesichts der Ereignisse der letzten 18 Monate...

By wpadminsonic164
How Marco Falke maintains the Bitcoin community Bitcoin

How Marco Falke maintains the Bitcoin community

Last week, Bitcoin developer Marco Falke logged his 1,752. Committed to the Bitcoin Core...

By wpadminsonic164
Africa now has the most important quantity of Bitcoin peer-to-peer buying and selling on the planet Bitcoin

Africa now has the most important quantity of Bitcoin peer-to-peer buying and selling on the planet

According to data from the analysis platform UsefulTulips, Africa has developed into the continent...

By wpadminsonic164
Substack E-mail Subscription Platform Provides Bitcoin Lightning Funds Bitcoin

Substack E-mail Subscription Platform Provides Bitcoin Lightning Funds

The independent online publisher Substack, with over half a million subscribers, announced on Monday...

By wpadminsonic164

Latest Posts

Cardano Elliott wave cycles are nearing the highest – FXStreet Cardano

Cardano Elliott wave cycles are nearing the highest – FXStreet

Cryptocurrencies are still in the zone of strong resistance, but we are not sure...

By wpadminsonic164
7 stablecoin options to Tether (USDT) – MakeUseOf Stellar

7 stablecoin options to Tether (USDT) – MakeUseOf

There are Bitcoin, Ethereum, Ripple and Litecoin, the prices of which are dependent on...

By wpadminsonic164
Binance

Solana (SOL) – Aug 30 For BINANCE: SOLUSD By ReadCrypto – Todayuknews – Todayuknews

Hello? Welcome dealer. With "Follow" you will always receive new information quickly. Please also...

By wpadminsonic164
Dogecoin

2 Progress Shares To Purchase Earlier than Dogecoin – The Motley Idiot

Stock market returns have become stable and strong this year, with the benchmark S&P...

By wpadminsonic164
Binance Coin Worth Evaluation: BNB Coin Tries To Maintain Above $ 470 – Cryptocurrency Information – The Market Periodical Binance

Binance Coin Worth Evaluation: BNB Coin Tries To Maintain Above $ 470 – Cryptocurrency Information – The Market Periodical

The RSI indicates a slight bearish deviation from the price of the BNB coin...

By wpadminsonic164
Stellar Lumens Value Prediction: XLM Heads for Large Assist – InvestingCube Stellar

Stellar Lumens Value Prediction: XLM Heads for Large Assist – InvestingCube

The price of Stellar Lumens is a tough nut to crack at $ 0.40....

By wpadminsonic164
Cryptocurrency Costs At the moment on September 5: Cardano falls greater than 3% – Moneycontrol Cardano

Cryptocurrency Costs At the moment on September 5: Cardano falls greater than 3% – Moneycontrol

a,.special_wrapbx a{color:#333;font:400 11px Lato,sans-serif}.user_after_login a, .user_before_login a {color: #333333;font: 11px 'Lato',sans-serif;}.dropdown-menu{display:none;background-clip:border-box!important}.header_desktop .dropdown-menu>li{border-bottom:1px solid #e9e9e9}.header_desktop...

By wpadminsonic164
Simon Nixon Calls on Search Ventures to Enhance Bitcoin Funding – Metropolis AM Stellar

Simon Nixon Calls on Search Ventures to Enhance Bitcoin Funding – Metropolis AM

Simon Nixon - the brain behind MoneySupermarket.com - has given the go-ahead for his...

By wpadminsonic164