Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
fillippone
on 15/09/2020, 15:38:40 UTC
⭐ Merited by JayJuanGee (1)
MicroStrategy did it again. they bought another 14k btc for $175mil.

they own 38250 btc now.

Michael Saylor is savage.


https://twitter.com/michael_saylor/status/1305850568531947520?s=21

That is a bit of a strange average purchase price that kind of struck me when I punched it in my calculator (no, I did not do it in my head).


$425,000,000 total purchase price / 38,250 BTC acquired = $11,111,11 (average purchase price) - Science and maths?


Also, just for shits and giggles.  

38,250 total acquired BTC / 21,000,000 total supply BTC = .182143 % of total BTC supply

Science?

Maths?
<...>

JJG it was quicker and bigger than expected:
https://bitcointalk.org/index.php?topic=5268108.msg55198419#msg55198419

Regarding the math, my favourite is:

18,479,537.5/38,250=0.2069857%

More than 0.2% of total current supply!