After the U.S. Securities and Exchange Commission (SEC) clarified that bitcoin is a commodity, Microstrategy bought the dip. $BTC crypto cryptocurrency
Microstrategy Buys More Bitcoin After SEC Says BTC Is a Commodity — Company Now Hodls 129,699 Bitcoins
Microstrategy has purchased more bitcoin amid a heavy market sell-off. The announcement followed a clarification by the chairman of the U.S. Securities and Exchange Commission , Gary Gensler, stating that bitcoin is a commodity.with the U.S. Securities and Exchange Commission , the company declared that during the period between May 3 and June 28, it “acquired approximately 480 bitcoins for approximately $10.
As of June 28, 2022, Microstrategy, together with its subsidiaries, held an aggregate of approximately 129,699 bitcoins.“were acquired at an aggregate purchase price of approximately $3.98 billion and an average purchase price of approximately $30,664 per bitcoin, inclusive of fees and expenses,” the filing further details.
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