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

MicroStrategy buys 11.9k more Bitcoin

Jun 20, 2024

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.

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