Categories: Market

MicroStrategy just bought another 5,050 BTC, bringing its total inventory to 114,042

Business intelligence firm MicroStrategy bought an additional 5,050 BTC valued at $ 242.9 million, bringing the company’s total bitcoin purchases to $ 419 million for the third quarter of 2021, according to a recent regulatory filing .

The giant bought $ 177 million worth of bitcoin back in August and currently holds around 114,042 BTC, or $ 3.16 billion, with an average bitcoin purchase price of $ 27,713.

At the time of writing, Bitcoin is trading in the mid-range of $ 44,000 after a catastrophic drop from $ 53,000 last week.

Source: TradingView

After several rounds of accumulation, MicroStrategy became the largest Bitcoin HODLer as a public company a few months ago. Before, Bitcoin magazine reported that KOL accused Mr. Whale of Saylor and the company’s executives of implementing a classic pump and dump strategy for BTC. According to him, Saylor is actually transferring MicroStrategy’s tokens to a “hidden” limited liability company (LLC) in order to evade public scrutiny.

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