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Home»Crypto News Flash»MicroStrategy has invested about 3.54 billion U.S. dollars in BTC

MicroStrategy has invested about 3.54 billion U.S. dollars in BTC

Crypto News Flash October 15, 2021
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According to news on October 15th, as the BTC price increased above 60,000 US dollars, MicroStrategy’s BTC investment has doubled and currently reaches 6.7 billion US dollars.
To date, MicroStrategy holds approximately 114,042 bitcoins, with a total purchase price of US$3.16 billion. The average cost price of each bitcoin is US$27,713 (including fees and expenses). The company owns the largest number of bitcoins among listed companies.
In September of this year, the company’s CEO Michael Saylor announced that it had purchased an additional 5,050 bitcoins with approximately US$242.9 million in cash in the third quarter. There is no plan to sell it so far. This means that since the initial investment in Bitcoin, MicroStrategy has received approximately US$3.54 billion in revenue. In addition to MicroStrategy, Tesla and Square also added Bitcoin to their balance sheets.

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