MicroStrategy, the business intelligence firm led by Michael Saylor, has increased its bitcoin holdings to 252,220 BTC, valued at over $18 billion at the current market price of around $72,000 per coin. The company’s most recent purchase of 7,420 bitcoins for $458.2 million in mid-September 2021 brought its total acquisition cost to $9.9 billion, averaging $39,266 per bitcoin. MicroStrategy plans to raise an additional $4.2 billion to buy more bitcoin over the next three years, demonstrating its strong commitment to the leading cryptocurrency.
<p>The post MicroStrategy’s Previous Bitcoin Buy: 7,420 BTC for $458.2M in September first appeared on CoinBuzzFeed.</p>
