Michael Saylor, CEO of the enterprise analytics and software solutions entity MicroStrategy revealed another Bitcoin purchase today. The company acquired 3.907 coins for $177 M paying $45,294 per BTC on average.
MicroStrategy has purchased an additional 3,907 bitcoins for ~$177 million in cash at an average price of ~$45,294 per #bitcoin. As of 8/23/21 we #hodl ~108,992 bitcoins acquired for ~$2.918 billion at an average price of ~$26,769 per bitcoin. $MSTRhttps://t.co/8jUlJImJbO— Michael Saylor⚡️ (@michael_saylor) August 24, 2021
Microstrategy first invested in BTC on August 11, 2020, buying 21.454 coins for $250 million. Afterwards, investing in Bitcoin has been a part of the company's business strategy.The firm's previous BTC acquisition was in June. Then it bought 13,005 units for $489 M.
Michael Saylor is a huge crypto and Bitcoin supporter. Recently he tweeted that Bitcoin is a technology that delivers people the right to property. In another tweet, he expressed the opinion that buying BTC is like investing in Facebook stocks.
At the moment, the first cryptocurrency trades for around $48.400 with a market cap of around $907.7 B.