Largest Bitcoin owner buys another 150 million euros in BTC
The Very Hungry Caterpillar. MicroStrategy, the company with the most Bitcoins, increases its portfolio with another 150 million euros in Bitcoin.
When is something enough? If it is up to a company that wants to make a profit, there is of course no such thing as a limit. MicroStrategy owns the most Bitcoin of any company in the world. The company recently made another major purchase to further expand its portfolio.
MicroStrategy and Bitcoin
The data analysts led by billionaire Michael Saylor are not being childish. Between July 1 and August 23, about 150 million euros worth of Bitcoin was purchased. Forbes reports on this. This concerns about 3,907 Bitcoins with an average purchase price of $ 45,294. In total, MicroStrategy now owns 108,992 Bitcoins, purchased for just over $2.9 billion. Averaged over the years, the average purchase value is almost 27,000 dollars. So for now, the company is well in the profit.
It is not uncommon for (big) companies such as MicroStrategy to invest in Bitcoin. Some do it for the short term, others see it as a benefit for the long term. For example, Tesla is a well-known company that owns Bitcoin, although some of it has been sold for a profit in the past.
Yesterday Bitcoin broke through a price value of $ 50,000. That growth could not immediately continue. At the moment, the value of the currency is a few percent down compared to yesterday.
