Former MicroStrategy CEO Micheal Saylor announced today via his official Twitter account that MicroStrategy has made another $6 million purchase of Bitcoin. announced. In this way, the value of the company’s BTC assets increased to $ 3.98 billion at an average price of $ 30,639 per coin.
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoins. Ace of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
— Michael Saylor⚡️ (@saylor) September 20, 2022
As you can see, MicroStrategy, a publicly traded company with the highest amount of Bitcoin, continues to expand its BTC investment amid the price drop.
Koinfinans.com As we reported, Saylor recently stepped down from the MicroStrategy CEO position, taking over the role of chief executive officer. Phong Le has taken over as CEO, while Saylor has announced that with his new role, the company will focus more on its Bitcoin acquisition strategy and related Bitcoin advocacy initiatives. The software company continues its strategy of buying Bitcoin even after Michael Saylor stepped down as CEO.
Saylor, one of the most vocal Bitcoin supporters, had MicroStrategy first invested in the cryptocurrency in the summer of 2020 and then continued with the purchases.
In addition, Saylor previously stated that since MicroStrategy adopted the Bitcoin Standard, the company has outperformed the S&P 500, Nasdaq, Gold, Bond Index and any major tech stocks.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.