Editor's PiCK

MicroStrategy buys additional 487 Bitcoins…$50 million scale

Source
JOON HYOUNG LEE

Summary

  • MicroStrategy said it purchased an additional 487 Bitcoins for about $49.9 million.
  • MicroStrategy said the average purchase price per Bitcoin was about $102,557 and that this year's Bitcoin return was 26.1%.
  • MicroStrategy's Bitcoin holdings total 641,692 and amount to approximately $47.54 billion in current value.

The world's largest Bitcoin (BTC) holding company MicroStrategy purchased an additional $50 million (about 73 billion won) worth of Bitcoin.

MicroStrategy said on the 10th (local time) that "it purchased an additional 487 Bitcoins for about $49.9 million." MicroStrategy said "the average purchase price per Bitcoin was about $102,557," and "this year's Bitcoin return was 26.1% compared to the beginning of the year."

MicroStrategy's Bitcoin holdings were totaled at 641,692 as of that day. Converted to current value, it amounts to $47.54 billion (about 69.2 trillion won). The average purchase price per Bitcoin was $74,079.

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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