This company holds the most bitcoins in the world. Now it has bought another for more than 100 million

The price of the largest cryptocurrency, bitcoin, has risen by more than 50% from its lows at the end of July, shortly exceeding $ 50,000 the day before yesterday. However, even the huge drop that we watched at the end of the first half of this year did not spoil the optimists’ smile and companies from all over the world are pouring money into the bitcoin.

One of them is MicroStrategy, which provides business intelligence and software for companies. Its CEO, Michael Saylor, is one of the biggest supporters of bitcoin, with the company announcing its first purchase of cryptocurrency in August 2020, and since then its portfolio has only grown in volume.

MicroStrategy reports another purchase of bitcoins, it already has almost 110,000

As he pointed out CoinTelegraph, according to the latest documents published by the US Securities and Exchange Commission, which later confirmed Saylor itself, between July 1 and August 23, bought the company another 3907 bitcoins at an average price of $ 45,294 per bitcoin, which increased the number of bitcoins it held to 108,992.

The company’s average purchase price is $ 26,769, with a total of less than $ 3 billion spent on bitcoins. Given the current price of bitcoin, which is below $ 48,000 after a small drop, the total value of bitcoins in MicroStrategy’s hands is almost $ 5.3 billion.

However, the purchase of additional bitcoins testifies to the fulfillment of previous “promises”, according to which MicroStrategy wants to further strengthen its position in bitcoins, despite the losses it suffered during the second quarter of this year, when the entire cryptocurrency market fell by more than half. Even then, however, the company led by Saylor shopped.

Saylor is one of the biggest supporters of bitcoin, he also met Musk

Its CEO, Michael Saylor, has long been one of the big proponents of bitcoin and encourages other companies to consider buying bitcoin. Saylor also became a member of the newly formed Bitcoin Mining Council, which aims to promote the transparency of energy consumption in cryptocurrencies and accelerate sustainability initiatives in this area worldwide, and has completed meetings, for example, with Elon Musk.

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The creation of this line was in a way a reaction to the statements of the CEO of Tesla at the time regarding the high energy intensity of bitcoin mining, during which a major market correction started.