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Microstrategy executive chairman Michael Saylor stated that his company recently bought 301 bitcoin at an average price $19,851 per currency. Saylor explained that Microstrategy’s balance sheet currently holds 130,000 bitcoins, making it the largest bitcoin stash held by any publicly traded business.

Michael Saylor declared on Tuesday that Microstrategy had purchased 301 BTC at $6 million. The average price paid by the company was $19,851. Microstrategy has not purchased bitcoin in a while. The last time the company bought BTC was back at the end June. The company purchased “approximately 480 bitcoins” for $10.0 million in cash at the time.

Microstrategy’s latest purchase acquired 301 Bitcoins

Microstrategy’s Bitcoin stock has risen to 129,699 and the 301 purchased this week make the total number of bitcoins in the company now 130,000 Bitcoin. Saylor posted Tuesday that Microstrategy had purchased an additional 301 Bitcoins at a price of $19.851 per. The executive chairman of Microstrategy added:

Microstrategy has 130,000 Bitcoins, which were acquired for $3.98 Billion at an average bitcoin price of $30.639

There are currently no other publicly traded companies that have as many bitcoins ( BTC) than Saylor’s Microstrategy. The trustee at the Mt Gox bankruptcy trials reportedly has 141 686 BTC which will be distributed to creditors at some time. Microstrategy is second with around 40,000 Bitcoin on its balance sheet.

Private entities have two caches of Bitcoin. One of these is the Mt Gox stash. According to Bitcoin treasury statistics, Block.one holds around 140,000 BTC. Many people have commented on the recent purchase by Microstrategy of 301 Bitcoin.

“Now you’re just being greedy Saylor. Please save some for us,” said the Crypto Rand Twitter account .

The post After Another Bitcoin Purchase Microstrategy Holds 130,000 Bitcoins first appeared on The Daily Encrypt.


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Angie Byrd