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MicroStrategy now holds nearly 114,042 Bitcoin, as it ‘continues to acquire’
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Business intelligence firm, MicroStrategy, added to its Bitcoin stash, yet again. This time the company added almost 9,000 BTC, bringing the total valuation of its accumulated Bitcoin to around $7 billion.
In its financial report for the third quarter released on 28 October, the company revealed that it had purchased an additional 8,973 BTC in Q3. With the addition of the new coins, the firm’s total Bitcoin holdings stood at 114,042 BTC, with an estimated average purchasing price of $27,713 per coin, or a total spend of $3.16 billion.
Over the past year, the company continued to fill up its balance sheet with Bitcoin. It had bought its first 21,000 BTC in August 2020 and has since increased its holdings rapidly.
In the abovementioned report,
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