MicroStrategy has purchased an additional 12,333 BTC for $347 million between April 29 and June 27, marking its largest Bitcoin purchase so far.
The company now holds a total of 152,333 digital coins worth $4.5 billion. This is approximately 0.726% of the total available supply of 21 million BTC. MicroStrategy, which offers cloud-based services, mobile software and business intelligence, possesses the most Bitcoin than any other publicly traded corporation.
Its co-founder Michael Saylor has previously said that the reason for buying Bitcoin was as a hedge against inflation. The average purchase price of the Bitcoin it holds stands at approximately $29,668 per coin.
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MicroStrategy has purchased an additional 12,333 BTC for $347 million between April 29 and June 27, marking its largest Bitcoin purchase so far.
The company now holds a total of 152,333 digital coins worth $4.5 billion. This is approximately 0.726% of the total available supply of 21 million BTC. MicroStrategy, which offers cloud-based services, mobile software and business intelligence, possesses the most Bitcoin than any other publicly traded corporation.
Its co-founder Michael Saylor has previously said that the reason for buying Bitcoin was as a hedge against inflation. The average purchase price of the Bitcoin it holds stands at approximately $29,668 per coin.