The MicroStrategy (MSTR) has reportedly spent as huge as $6 million investing in crypto assets specifically Bitcoin between August 2nd and September 19th, Binance News reports.
According to Binance, MicroStrategy (MSTR) led by its CEO, Mr. Michael Saylor an expert and a holder of the crypto assets said the company now holds 130,000 Bitcoins which the company purchased at the rate of$19.851.
Binance also gives a detailed insight on top trending Bitcoin purchase saying the company spent a total of $3.98 billion which represents an average cost of $30,639 per Bitcoin.
As at the time of filling this report, Bitcoin declined all time low in two weeks trading at $18,878.11
In case you are not aware
- MicroStrategy is an enterprise business intelligence (BI) application software vendor. Its flagship platform contains multiple features designed to help enterprises make data-driven decisions and optimize business processes.
- Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. It’s primary business analytics competitors include SAP AG Business Objects, IBM Cognos, and Oracle Corporation’s BI Platform.
- Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
