Michael Saylor’s MicroStrategy Buys 2,500 Bitcoins

Bitcoin maximalist Michael Saylor on Wednesday announced that MicroStrategy has acquired 2,500 Bitcoins for about $42.8 million. As of December 27, MicroStrategy holds almost 132,500 bitcoin acquired for over $4 billion at a median value of $30,397 per Bitcoin, as per an SEC filing.

During the interval between November 1 and December 21, MicroStrategy, by its wholly-owned subsidiary MacroStrategy bought these 2,395 Bitcoins.

Moreover, MacroStrategy bought roughly 704 bitcoins for money proceeds of $11.8 million, at a median value of roughly $16,776 on December 22 for tax advantages. However, MacroStrategy acquired roughly 810 bitcoins for about $13.6 million in money two days in a while December 24.

Bitcoin value is presently buying and selling at $16,661, down 1% within the final 24 hours. The 24-hour high and low for Bitcoin are $16,608 and $16,839, respectively.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his data about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is presently protecting all the most recent updates and developments within the crypto business.

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