According to Michael Seeler, CEO of Microstrategy, his company recently bought 301 bitcoins worth $6 million at an average price of $19,851. Seiler described that the company currently holds 130,000 bitcoins on its balance sheet, as the company’s holdings are the largest amount of bitcoins held by a public business today. MicroStrategy is the most profitable Bitcoin with an average price of $19,851 per coin
On Tuesday, Michael Seiler announced that Microstrategy bought 301 BTC for $6 million, giving the company an average price of $19,851 per coin. Microstrategy has been buying bitcoins for some time, most recently in late June. The company then “purchased approximately 480 bitcoins for approximately $10.0 million in cash.”
A purchase on June 28 increased Microstrategy’s bitcoin holdings to 129,699 bitcoins, and 301 purchases this week brought the firm’s holdings to 130,000 bitcoins. “Microstrategy bought an additional 301 bitcoins worth $6.0 million at an average price of $19,851,” Siler wrote on Tuesday. The CEO of Microstrategy added: Microstrategy bought about 130,000 bitcoins for $3.98 billion at an average price of $30,639 per bitcoin.
Currently, no other public company has as much exposure to Bitcoin (BTC) as Microstrategy Saylor. However, Mt Gox’s bankruptcy trustee is reported to have 141,686 bitcoins that will one day be distributed among creditors. Public exchange Galaxy Digital Holdings is second only to Microstrategy, with approximately 40,000 bitcoins on the balance sheet. As for private companies, two bitcoin caches are held by private companies that hold more bitcoins than MicroStrategy, one of which is the Mt Gox cache. Block.one, the team behind EOS, currently holds approximately 140,000 Bitcoins according to current Bitcoin Treasury statistics. Following the purchase of Microstrategy 301 Bitcoin, some people commented on the company’s recent purchase. “Now you’re just an eager salt – please save some for the rest of us,” Crypto Rand Twitter says in the account.