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MicroStrategy acquired 16,796 extra Bitcoin for $175 million, including to its earlier buy of 21,454 BTC. Now, it owns 38,250 Bitcoin in response to its newest SEC disclosure. This occurred on the identical day that its board of administrators made the cryptocurrency its major treasury reserve asset. It was additionally indicated that the corporate may add to its Bitcoin reserves within the close to future. The corporate’s CEO Michael J. Slayer additionally restated the identical info in a tweet from earlier as we speak.
On September 14, 2020, MicroStrategy accomplished its acquisition of 16,796 further bitcoins at an mixture buy value of $175 million. To this point, we now have bought a complete of 38,250 bitcoins at an mixture buy value of $425 million, inclusive of charges and bills.
— Michael Saylor (@michael_saylor) September 15, 2020
Grayscale’s founder Barry Silbert reacted to the information with a tweet of his personal, commenting on the race between the 2 corporations in buying Bitcoin.
Apparently there’s some sort of bitcoin shopping for race between MicroStrategy and @Grayscale
Sport on
— Barry Silbert (@barrysilbert) September 15, 2020
Nonetheless, Grayscale’s Bitcoin Belief is way forward within the sport because it at present holds over 400,000 Bitcoin. MicroStrategy has some catching as much as do.
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