On March 12, Nasdaq-listed MicroStrategy bought 262 BTC for about $ 15 million. The digital asset held by the analytics software provider reached 91,326 BTC.
MicroStrategy has purchased an additional ~ 262 bitcoins for ~ $ 15.0 million in cash at an average price of ~ $ 57,146 per #bitcoin . As of 3/12/2021, we #hodl ~ 91,326 bitcoins acquired for ~ $ 2.211 billion at an average price of ~ $ 24,214 per bitcoin. $ MSTR https://t.co/QIQP30rv2q
– Michael Saylor (@michael_saylor) March 12, 2021
The average purchase price was $ 57,146 per coin, including commissions and other expenses.
The company’s total investment in digital gold totaled more than $ 2.2 billion. At the time of writing, the value of assets exceeded $ 5.1 billion (according to CoinGecko ).
In August 2020, MicroStrategy was the first publicly traded company to convert a portion of its $ 250 million equity capital into a leading cryptocurrency.
In September, the firm ‘s board of directors approved a policy of increasing investment in bitcoin through cash reserves and MicroStrategy continued to purchase the digital asset.
At the same time, MicroStrategy CEO Michael Sailor expressed confidence that other private firms would follow her example . In the United States, Jack Dorsey’s Square and Elon Musk’s Tesla decided to make such investments .
Also, following MicroStrategy, the first public companies in their countries transferred part of their capital to Bitcoin Mode (UK), SynBiotic SE (Germany) and Meitu (China).
Recall that in December MicroStrategy raised debt financing for the purchase of cryptocurrency . The firm placed $ 650 million in convertible bonds .
In February, MicroStrategy carried out a new issue of debt securities for more than $ 1 billion and again invested the raised funding in bitcoin .