$BTC
Michael Saylor, the co-founder and current CEO of investment firm MicroStrategy, announced his company’s latest major BTC purchase. With it, the business intelligence software giant’s total Bitcoin holdings skyrocketed to 244,800 BTC, worth over $14 billion at current prices.
The world’s largest Bitcoin holding company announced that it spent over $1.1 billion on 18,300 BTC at an average price of $60,408 per purchase. According to data as of September 12, the company now owns 244,800 BTC, which it acquired for $9.45 billion. This means the company now has an unrealized profit of nearly $5 billion. This is because the average purchase price is $38,585 per Bitcoin.
