PlayIconNav
BTC
$67,948.51+1.55%
ETH
$3,256.03-0.03%
BNB
$584.32+0.73%
SOL
$184.09+4.24%
XRP
$0.59863770-0.99%
DOGE
$0.13426117+3.88%
CD20
$2,296.66+1.73%
TON
$6.67-0.77%
ADA
$0.41624393+1.95%
TRX
$0.13718798+0.44%
AVAX
$28.56+1.67%
WBTC
$68,039.54+1.64%
Ad
Finance

Saylor's MicroStrategy Buys Another $177M of Bitcoin

The business intelligence firm is buying bitcoin again after a brief lull.

By Zack Seward
AccessTimeIconAug 24, 2021 at 12:45 p.m. UTC
Updated May 9, 2023 at 3:22 a.m. UTC
MicroStrategy CEO Michael Saylor
MicroStrategy CEO Michael Saylor

Business analytics software provider MicroStrategy (NASDAQ: MSTR) has added another 3,907 bitcoins to its vast trove of the original cryptocurrency.

  • According to a Tuesday filing with the U.S. Securities and Exchange Commission, the company spent about $177 million on its latest BTC purchase, at an average price of approximately $45,294 per coin.
  • In total, the firm holds 108,992 BTC, according to a tweet from CEO Michael Saylor:
VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up
    • MicroStrategy's stock, which some investors use as a proxy for the price of bitcoin, has sunk from a high of $1,273 per share in March to $718 as of press time.
    • The price of bitcoin is down 2% over the last 24 hours, changing hands at $49,191.30 at time of publication.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Read more about
    MicroStrategy