MicroStrategy now holds a total of 114,042 bitcoins (BTC)
MicroStrategy a business intelligence software company stated that the company now holds a total of 114,042 bitcoins (BTC), which were assimilated for a total of $3.16 billion and at an average price of $27,713 per BTC.
Nasdaq-listed MicroStrategy stated that it has bought around 8,957 BTC for $419.9 million in cash during the third quarter between July 1 and Sept 12.
The company publicized that it had purchased 3,907 BTC with an average cost of around $45,294 per coin.
CEO of the company, Michael Saylor has made BTC purchase a second mandate for his 32-year-old company. Its further business is developing business-intelligence software.
Investors are using it as a proxy as MicroStrategy holds a great amount of BTC. Shares have sunk from a high of $1,273 per share in March to $616 on Monday morning.
UAE Dirham to PKR: Today AED TO PKR exchange rate on, 18th Sept 2021
KARACHI: Today (UAE Dirham to PKR) exchange rate in Pakistan’s currency market...
US Dollar rate in Pakistan today on, 18th Sept 2021
Karachi: USD to PKR – Today US Dollar rate in Pakistan on 18th...
Gold Rates: Today Gold Rate in Pakistan on, 18th Sept 2021
Karachi: Gold Rate in Pakistan today on 18th Sept 2021 is being sold...
Pakistan stocks remain bearish as index losses 284 points
KARACHI: Pakistan stocks witnessed selling pressure on Friday, as the investors remained...
Govt to guarantee 50% of KPP loans on risk sharing basis
ISLAMABAD: The federal government will provide a guarantee of 50 per cent...