Michael Saylor 's MicroStrategy has purchased an additional 5,050 bitcoins for about $243 million.- The business enterprise software maker's total
bitcoin holdings were valued at $5.1 billion as of Monday's session. - Bitcoin traded around $44,500 on Monday, a pullback after reclaiming the $50,000 level in August.
$4 has made another big purchase of bitcoin, bringing the value of its holdings of the most traded cryptocurrency to about $5.1 billion.
The company bought 5,050 for about $242.9 million in cash, representing an average price of $48,099 per coin, said CEO Michael Saylor $4. Saylor and MicroStrategy, in a $4, said the company now holds 114,042 bitcoins purchased for $3.16 billion at an average price of about $27,713 per bitcoin.
Bitcoin traded around $44,500 during Monday's session, valuing the company's bitcoin holdings at $5.1 billion.
Saylor has been a vocal backer of bitcoin and his enthusiasm about the cryptocurrency was highlighted by the August 2020 conversion by Saylor of $4. Saylor's obsession with bitcoin appears to have come out of the blue, $4.
Bitcoin's price has pulled back from the $50,000 level it had $4. The cryptocurrency had traded above that price in mid-May, bolstered by increased interest among financial institutions and other companies but concerns about regulatory moves in China and US spurred a selloff.
Bitcoin's recent retaking of $50,000 was made alongside a broader advance among other digital tokens including $4 and so-called alt coins such as cardano on a mix of news in the sector including technical upgrades and further corporate exposure to digital currencies. Crypto exchange $4 in August said it would add $4 to its balance sheet and invest 10% of future profits into digital assets.