MicroStrategy Purchases Additional 2,574 BTCs
iHodl.com
Main page News, Bitcoin, Crypto Market, Cryptocurrency
Hot topic
Dec. 5, 2020

MicroStrategy, one of the largest traditional companies that hodl bitcoin (EXANTE: Bitcoin) has purchased an additional 2,574 BTCs (~$50 million in cash), the company said in a filing to the US Securities and Exchange Commission (SEC).

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Michael Saylor, MicroStrategy CEO and Chairman, wrote on Twitter that the company purchased bitcoins at an average price of approximately $19,427 per BTC. As of December 4, 2020, MicroStrategy has over 40,000 bitcoins (over $775,6 million).

BlackRock CEO Concedes Bitcoin Can Evolve Into Global Market

In October 2020, Saylor revealed the amount of his own bitcoin holdings. As of press time, MicroStrategy's CEO has over 17,700 BTC.

Meanwhile, Brian Brooks, Acting Comptroller of the Currency in the US, said during an interview with CNBC's Squawk Box that the US authorities will not ban bitcoin in the United States. Brooks declined to answer strictly whether the US Department of the Treasury is going to tighten regulation regarding self-hosted crypto wallets or not, but emphasized that nobody is interested in banning technologies related to cryptocurrency transmission.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close