Published On: Thu, 20 Jun 2024 15:40:40 GMT

MicroStrategy buys 11.9k more Bitcoin

Jun 20, 2024, 3:40 PM UTC

Author: Sahil Thakur

Michael Saylor’s MicroStrategy, which is the largest corporate holder of Bitcoin bought yet more Bitcoin. 11.9k $BTC worth around $750M+ were bought by the company according to their press release.

The company now owns a total of 226,331 $BTC worth around $15 billions.
The company’s bitcoins were purchased at an average price of $36,798 each, or roughly $8.33 billion.

MicroStrategy shares have surged approximately ten-fold since the company began purchasing Bitcoin four years ago. Similarly, Semler shares have increased by over 60% since the company announced its initial bitcoin acquisitions in late May.

Editorial Note

Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.