Michael Saylor’s Strategy acquired Bitcoin worth over $500,000,000 as interest from institutions and ETFs (exchange-traded funds) resurfaced.
Strategy purchased 6,911 Bitcoins (BTCAccording to a report on March 24,, the coins were sold for $584,000,000 between March 17th and 23rd at an average of $84,529 each. filing US Securities and Exchange Commission
Source: US SEC
After the acquisition of the latest Bitcoins, the company holds over 500,000 Bitcoins. The total amount of Bitcoins acquired was 506,137 Bitcoins, at an estimated aggregate price of $33.7 billion, and the average price per Bitcoin is approximately $66,608 (including fees and expenses).
It comes just a few days after Strategy’s co-founder Michael Saylor hinted Bitcoin investors are looking forward to a Bitcoin investment following the announcement of the price for the cryptocurrency. latest tranche of preferred stock On March 21, 2019.
The preferred shares were sold for $85 each and included a coupon of 10%. Strategy estimates that the sale should generate $711 million of revenue for the company.
Related: Michael Saylor’s Strategy to raise up to $21B to purchase more Bitcoin
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Source: cointelegraph.com
