The giant doesn’t seem to have wasted any time or resources accumulating bitcoin. CEO Michael Saylor announced that they have purchased an additional 7,002 BTC worth around $ 414.4 million.
Their average purchase price is around $ 59,187.
https://twitter.com/saylor/status/1465305537210458115?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
At the time of this writing, Bitcoin price is hovering around $ 57,000, up about 93% from the average price of $ 29,534 at which MicroStrategy made all of its purchases. That means their investments are now worth nearly $ 7 billion.
Source: TradingView
Data from CoinGecko shows that MicroStrategy is still the publicly traded company with the largest amount of Bitcoin, followed by Tesla, which owns 48,000 BTC.
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