Microstrategy Buys 301 Bitcoin, Public Company Now Holds 130,000 BTC – Bitcoin News

According to Microstrategy’s executive chairman Michael Saylor, his company has recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor detailed that the firm’s balance sheet now holds 130,000 bitcoins as the company’s stash is the largest number of bitcoins held by a publicly listed business today.

Microstrategy acquires more Bitcoin for an average price of $19851 per coin

On Tuesday, Michael Saylor announcedMicrostrategy purchased 301 BTC at a price of $6 million. The average cost per coin was $19,851. It’s been a while since Microstrategy purchased bitcoin and the last time it acquired BTC was at the end of June. At the time, the company bought “approximately 480 bitcoins for approximately $10.0 million in cash.”

The purchase on June 28 brought Microstrategy’s BTC stash up to 129,699 bitcoin and the 301 acquired this week makes the company’s bitcoin count an even 130,000 BTC. “Microstrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per,” Saylor wrote on Tuesday. Microstrategy’s executive chairman added:

Microstrategy has 130,000 Bitcoins, which were acquired at a price of $3.98 Billion. This is an average bitcoin costing $30.639

Presently, there are no other publicly listed companies with as much bitcoin (BTC) as Saylor’s Microstrategy. The trustee at the Mt Gox bankruptcy trials reportedly holds 141,686 BTC and will distribute it to creditors. Microstrategy’s second competitor is Galaxy Digital Holdings which is publicly listed and has approximately 40,000 BTC in its balance sheet.

Private entities have two BTC caches that are larger than Microstrategy’s. One is the Mt Gox stash. EOS’s creators Block.one hold approximately 140,000 BTC, according to bitcoin treasury statistics. Following Microstrategy’s purchase of 301 bitcoin, a number of people commented about the company’s recent acquisition.

“Now you are just being greedy Saylor – Please save some for the rest of us,” the Crypto Rand Twitter account said.

In this story, tags
Bitcoin (BTC), block.one, BTC Balance Sheets, Crypto Rand, michael saylor, michael saylor bitcoin, michael saylor btc, microstrategy, microstrategy bitcoin, microstrategy btc, microstrategy crypto, microstrategy cryptocurrency, Microstrategy’s BTC stash, Mt Gox, Private Companies, public company, Treasuries

Microstrategy bought 301 Bitcoin on Tuesday. What did you think? Please comment below.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman joined the cryptocurrency community in 2011 and has been an active participant ever since. Redman is passionate about Bitcoin and open-source codes. Redman has contributed more than 6000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.

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