Saylor’s MicroStrategy buys more than 13,000 bitcoin

MicroStrategy upped the number of bitcoin it holds to 105,085 after it spent close to half a million dollars once again and accumulate more than 13,000 bitcoins.

The company headed by known bitcoin bull Michael Saylor, announced it purchased 13,005 additional coins with a unit price of around $37,617 including fees and expenses, totaling to approximately $489 million.

With the newest acquisition, MicroStrategy also made the average purchase price of its bitcoin holdings to $2.741 billion, spending just below $26,100 per unit.

Leading the pack

Saylor’s company is said to own more bitcoin than any other publicly traded company.

Investment manager Grayscale is the only entity known to surpass MicroStrategy’s bitcoin holdings, currently holding 654,885 bitcoins, which is equivalent to more than $24 billion on its bitcoin trust on behalf of its investors.

Speaking at the 2021 Bitcoin Conference held in Miami, Saylor marveled at the fantastic impact that cryptocurrency will have on the world.

“For the first time in history, we can grant property rights to 7 billion people,” he said.

More than just a HODLer

The MicroStrategy top honcho is by no means only involved in bitcoin by becoming a HODLer of the asset. In fact, he is now considered to be a “bitcoin evangelizer” on Twitter.

As proof, on his account, there is a pinned comment that says, “#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.”

Meanwhile, as for the subject asset, bitcoin is once again seeing red. According to tracking from CoinGecko, at press time, the largest cryptocurrency by market capitalization is changing hands at $31,562 and has been down 22.5% for the past seven days, once again nearing the $30K mark.


Image courtesy of Cointelegraph News/YouTube

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