MicroStrategy owns over 3 billion dollars worth of Bitcoin, after completing another purchase round!  MicroStrategy owns over 3 billion dollars worth of Bitcoin – equaling more than 100,000 bitcoins, after spending roughly $489 million on 13,005 tokens.

The Virginia-based software company closed down nearly 10%, mirroring a slide in the price of Bitcoin.  Bitcoin was down more than 7% to around $32,600 per token at the time of purchase as reports surfaced that China was increasing its crackdown on Bitcoin mining.

MicroStrategy said that the average purchase price of its Bitcoin holding of 105,085 tokens is around $26,080 a piece, including fees and other expenses.  The company’s overall holdings were worth more than $3 billion as of Monday.

MicroStrategy has gone from relative obscurity to a well-known force on Wall Street and in the crypto community thanks to its aggressive bets on Bitcoin.  Chairman and CEO Michael Saylor is a definite crypto evangelist who routinely touts Bitcoin on Twitter.  He has more than 1 million followers on Twitter.

MicroStrategy’s stock has soared since the company announced its first bitcoin buy before the bell on August 11th.  Shares have risen around 423% from its Aug. 10th close.  The stock then hit a 52-week high on Feb. 9th, trading above $1,300 per share.

Bitcoin has hit a rough trading patch in the last 2 months after hitting its all-time high near $65,000 in April.  Bitcoin was still up about 11% to date, based on Monday’s trading price.

What do you think?  Let us know on our Facebook page!

IF YOU DO NOT AGREE WITH ANY TERM OR PROVISION OF OUR TERMS AND CONDITIONS, PLEASE EXIT THE SITE IMMEDIATELY. PLEASE BE ADVISED THAT YOUR CONTINUED USE OF THIS SITE OR THE PRODUCTS OR INFORMATION PROVIDED THEREBY SHALL INDICATE YOUR CONSENT AND AGREEMENT TO THESE TERMS AND CONDITIONS.

Crypto Traders Pro may express or utilize testimonials or descriptions of past performance, but such items are not indicative of future results or performance, or any representation, warranty or guarantee that any result will be obtained by you. These results and performances are NOT TYPICAL, and you should not expect to achieve the same or similar results or performance. Your results may differ materially from those expressed or utilized by Crypto Traders Pro due to many factors.