Business intelligence firm MicroStrategy bought an additional 5,050 BTC valued at $ 242.9 million, bringing the company’s total bitcoin purchases to $ 419 million for the third quarter of 2021, according to a recent regulatory filing .

MicroStrategy has an additional 5,050 bitcoins for ~ $ 242.9 million in cash at an average price of ~ $ 48,099 each. bought #bitcoin. From 09.12.21 we have #hodl Purchased ~ 114,042 bitcoins for ~ $ 3.16 billion at an average price of ~ $ 27,713 per bitcoin. $ MSTRhttps://t.co/2ESbTy6ad7

– Michael Saylor⚡️ (@michael_saylor) September 13, 2021

The giant bought $ 177 million worth of bitcoin back in August and currently holds around 114,042 BTC, or $ 3.16 billion, with an average bitcoin purchase price of $ 27,713.

At the time of writing, Bitcoin is trading in the mid-range of $ 44,000 after a catastrophic drop from $ 53,000 last week.

Source: TradingView

After several rounds of accumulation, MicroStrategy became the largest Bitcoin HODLer as a public company a few months ago. Before, Bitcoin magazine reported that KOL accused Mr. Whale of Saylor and the company’s executives of implementing a classic pump and dump strategy for BTC. According to him, Saylor is actually transferring MicroStrategy’s tokens to a “hidden” limited liability company (LLC) in order to evade public scrutiny.

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