Saylor Buys the Dip – Trustnodes

Saylor Buys the Dip

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Saylor and Max Kaiser at Bitcoin Miami

Microstrategy’s CEO Michael Saylor has announced the company has completed its purchase of 13,005 bitcoins for approximately $489 million in cash at an average price of approximately $37,617 per bitcoin, inclusive of fees and expenses.

“As of June 21, 2021, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin, inclusive of fees and expenses. MacroStrategy LLC, a subsidiary of MicroStrategy, holds approximately 92,079 of the bitcoins,” the company said.

They’re now in the process of raising $1 billion through a stock offering to buy bitcoin with the company overall about $700 million in profit from their bitcoin purchases so far.

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