Michael Saylor, Chairman of MicroStrategy, Takes Another 301 BTC Taking Advantage of Low Price – Money Times

According to a press release from MicroStrategy, the bitcoins had been taken for the corporate’s “extra money” (Image: Twitter/Michael Saylor)

Michael Saylor, Executive Chairman MicroStrategyintroduced this Tuesday (20) on his official profile twitter the corporate purchased one other 301 BTC for about $6 million, a median worth of $19,851 per BTC.

The firm is one of the biggest public holders of cryptocurrency on the planet, accumulating 130,000 BTC. MicroStrategy at the moment owns 0.62% of the overall Bitcoin (BTC) this will probably be mined someday.

In whole, the bitcoin firm spent $3.9 billion on bitcoin purchases, however the bear market lowered that quantity to $2.4 billion.

“MicroStrategy bought an extra 301 Bitcoins for about $6.0 million at a median worth of roughly $19,851 per Bitcoin. As of 09/19/22, @MicroStrategy holds 130,000 Bitcoins bought for about $3.98 billion at a median worth of $30,639 per Bitcoin.

The government chairman is thought for staunchly defending the ideology of the “hodler,” a bitcoin investor who buys for the long run, and has been challenged by critics. cryptocurrency like economist Peter Schiff.

According to MicroStrategy’s assertion, the bitcoins had been acquired with “extra money” from the corporate. Check the corporate’s submitting with the SEC (CVM for USA):

“On September 20, 2022, MicroStrategy Incorporated (“MicroStrategy”) introduced that in the course of the interval between August 2, 2022 and September 19, 2022, MicroStrategy bought roughly 301 Bitcoins for about $6.0 million in money, at a worth of roughly $18 at roughly $15. bitcoin together with charges and prices. MicroStrategy bought bitcoins utilizing extra money.

As of September 19, 2022, MicroStrategy, along with its subsidiaries, held roughly 130,000 Bitcoins within the combination, with an combination buy worth of roughly $3.98 billion and a median buy worth of roughly $30,639 per Bitcoin, together with charges and bills. »

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