{"id":138583,"date":"2021-09-13T15:01:04","date_gmt":"2021-09-13T15:01:04","guid":{"rendered":"https:\/\/precoinnews.com\/?p=138583"},"modified":"2021-09-13T15:01:04","modified_gmt":"2021-09-13T15:01:04","slug":"microstrategy-buys-240-million-bitcoin","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/microstrategy-buys-240-million-bitcoin\/","title":{"rendered":"Microstrategy Buys $240 Million Bitcoin"},"content":{"rendered":"
Publicly listed Microstrategy has bought $242 million worth of 5,005 bitcoins according to its CEO Michael Saylor.<\/p>\n
Saylor said the coins were bought at an average price of $48,000, so it would have been during bitcoin’s recent dip from $51,000.<\/p>\n
Bitcoin rose today back to $46,000 from $44,000 with this announcement seemingly contributing to its price rise.<\/p>\n
Saylor further said the company now holds 114,042 bitcoins, worth some $5.2 billion at the current price, acquired mostly this year.<\/p>\n
The cost of acquisition was $3.16 billion, Saylor said, at an average price of $27,700. That means the company has made some $2 billion on bitcoin.<\/p>\n
Saylor has stated he is a holder, with Microstrategy buying dips throughout this year as it continues to increase its bitcoin holdings.<\/p>\n