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MicroStrategy acquires $242.9 million and surpasses 110,000 Bitcoins in custody

MicroStrategy acquires $242.9 million and surpasses 110,000 Bitcoins in custody



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13 Comments

  1. In the distant future, when Bitcoin finally gobbles up the lion’s share of the world economy to top several million a coin, Saylor will peel off a few thousand coins to finance his first Death Star and start blowing up moons.

  2. tldr; MicroStrategy has acquired 5,050 bitcoins for $242.9 million and surpassed 110,000 BTC. The company has invested $3.16 billion and paid an average price of $27,713 per BTC. This is the company’s second purchase of BTC in less than a month. MicroStrategy reserves have now reached 114,042 BTC.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. I like that he buys 5,050 coins, just like the first Bitcoin transaction…

    The price is very different though.

    Martti Malmi sold 5,050 BTCs for $5.02 in October 2009. Much cheaper than the $242.9 million this time.

  4. The funny thing is that Microstrategy now owns more bitcoin than any country will ever own. By the time the nation states wake up to it btc will be over $100,000 and then it will be way too late to overtake Saylor.

What do you think?

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