MicroStrategy, the company of businessman Michael Saylor, announced the purchase of more bitcoins (BTC) this Wednesday, as part of its investment strategy. As reported, the company disbursed USD 10 million “in cash” for the purchase of the coin.
In a prospect addressed to the Securities and Exchange Commission (SEC) of the United States, the company reported the purchase of 480 BTC at a price of USD 20,817including fees and other expenses, to bring his holdings to 129,699 bitcoins as of June 28, 2022.
MicroStrategy’s move comes at a time when BTC remains stable in the range of USD 20,000 and USD 21,000, where it has oscillated for several days after having touched annual lows of USD 17,500.
The public company that has the most BTC stored
Since February, the date when the company hoarded more than 125,000 bitcoins, MicroStrategy has bought more than 4,800 BTC, which has allowed it to reach almost 130,000 bitcoins. becoming one of the great whales of the market.
In accordance with BitcoinTreasury, MicroStrategy remains as the publicly traded company with the most bitcoins on their balance sheetsoccupying 0.61% of the entire total supply of coins to be issued, 21 million.
Below MicroStrategy are Elon Musk’s Tesla, with 43,200 bitcoins; the mining company Core Scientific (8,497 BTC) and another, such as Marathon (8,133 BTC).