Bitcoin
BTC$22 830.69

-4.00%

Ethereum
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Tether
USDT$1.000078

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MicroStrategy now owns over 100,000 bitcoins


22 Jun 2021

#Bitcoin

MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 9% in intraday trading, mirroring a similarly sized slide in the price of bitcoin Monday. The cryptocurrency was down more than 7% to around $32,600 per token as reports surfaced that China was ratcheting up its crackdown on bitcoin mining.

MicroStrategy said the average purchase price of its 105,085 bitcoin trove is $26,080 apiece, including fees and other expenses. The company’s holdings were worth more than $3 billion as of Monday. MicroStrategy has in the past year gone from relative obscurity to a well-known force on Wall Street and in the crypto community, thanks to its aggressive bets on bitcoin and the evangelizing from Chairman and CEO Michael Saylor, who routinely touts bitcoin on Twitter. He’s racked up more than 1 million followers on the social media site.

In a CNBC interview last week, Saylor defended the company’s crypto pursuits, which has involved debt offerings in order to buy more bitcoin. MicroStrategy also recently filed for a program to sell $1 billion worth of additional stock, proceeds from which can be used to acquire bitcoin.

Bitcoin has suffered a rough trading stretch in the past two months after hitting its all-time high near $65,000 in April, around the time of Coinbase’s blockbuster direct listing. Bitcoin, the world’s largest cryptocurrency by market value, was still up about 11% year to date, based on Monday morning’s trading price.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60% 78 $22 830.69 -4.00% -0.52% $440 116 562 399 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62% 83 $1 567.24 -4.81% -3.79% $191 789 399 777 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000078 0% -0.01% $67 781 342 385 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 71.6% 62 $307.00 -3.30% 0.45% $48 475 686 080 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000097 0% 0.02% $42 712 574 255 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 68.4% 65 $0.394679 -4.64% -7.19% $20 051 109 625 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000027 -0.04% -0.01% $15 732 612 269 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 63.6% 72 $0.372216 -6.14% -0.88% $12 876 317 286 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 64 $0.088159 -2.33% -0.57% $11 696 160 812 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 65.6% 73 $1.086506 -7.74% 9.11% $9 489 885 842 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 56.8% 94 $23.94 -8.40% -1.81% $8 897 955 616 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 59.2% 81 $6.19 -6.46% -5.92% $7 131 777 560 DOT 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 70.8% 55 $91.25 -4.07% 1.30% $6 585 562 085 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66% 72 $0.062203 -2.41% -0.99% $6 324 607 060 WTRX 7 days price change

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