MicroStrategy Expands Purchase Reserve of 3,907 Additional Bitcoins to 108,992

The Nasdaq-listed cryptocurrency investment giant Microstrategy, a strong supporter of Bitcoin, has announced that it has purchased additional Bitcoin.

The company’s CEO, Michael Saylor, tweeted on Tuesday: “We bought an additional 3,907 bitcoins for $177 million with an average of $45,294 in cash per bitcoin. As of August 23, 2021, we have 108,992 bitcoins at $2.918 billion with an average price of $26,769 per bitcoin.” The company also notified the U.S. Securities and Exchange Commission (SEC) on Tuesday of its purchase of Bitcoin in a filing dated August 24.

Of all public companies, Microstrategy owns the most Bitcoin as an asset. Another publicly traded company with significant Bitcoin holdings is Elon Musk’s electric car maker Tesla. Back in July, Musk hinted that Tesla owns about 42,069 bitcoins. He also revealed at the ‘B Word’ Bitcoin event that he and another holding company, SpaceX, also own Bitcoin.

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The Nasdaq-listed cryptocurrency investment giant Microstrategy, a strong supporter of Bitcoin, has announced that it has purchased additional Bitcoin.

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