Data analytics company MicroStrategy has announced another investment in Bitcoin. According to an official MicroStrategy publication, the company purchased about 3,907 Bitcoin, spending nearly $177 million on the new coins.
The publication also disclosed that the purchase cost an average price of about $45,294 per Bitcoin, including all expenses and fees. The purchase happened between July 1 and August 23, 2021.
MicroStrategy now owns approximately 108,992 Bitcoins purchased at an aggregate price of $2.918 billion. This represents an average purchase price of about $26,759, including expenses and fees.
At the moment, MicroStrategy has more Bitcoin than any other corporation in the world. Headed by Michael Saylor, the company has announced a few periodic Bitcoin purchases over time. In October last year, Saylor declared that he personally had 17,732 BTC, which he bought at an average of $9,882 per Bitcoin.
In June, MicroStrategy spent $489 million on 13,005 coins at an average of $7,617 per coin. In September last year, the company made Bitcoin its primary reserve asset and purchased 16,769 Bitcoins for $175 million.
As of press time, Bitcoin is trading just over $48,000 after a near 3% 24-hour loss and more than 4% in its 7-day gain.
Image Credits: Pixabay
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