Bitcoin Gains on ETH as 17,000 Bought

bitcoin ethereum price sep 15 2020

Some 17,000 bitcoin has been bought this Monday at an average price of $10,400 per coin. In total, some $175 million was bought in this block by the publicly traded company, MicroStrategy. Michael Saylor, its founder and chairman, said: “On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.” Last month they announced they were to buy $250 million worth of bitcoin and $250 million was to be returned to investors with this company having some $1 billion in assets and half a billion of revenue a year. Now however the chairman is saying they have bought $425 million already, with it unclear where this other $225 million came from. They announced a successful tender to buyback…

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