MicroStrategy Stacking Up With Additional $15M Bitcoin Buy
Business analytics firm MicroStrategy has made yet another large bitcoin purchase, buying a further $15 million worth.
MicroStrategy announced Friday it purchased approximately 262 more BTC at an average price per coin of $57,146, just a little over $1,000 away from the cryptocurrency’s all-time high.
MicroStrategy has purchased an additional ~262 bitcoins for ~$15.0 million in cash at an average price of ~$57,146 per #bitcoin. As of 3/12/2021, we #hodl ~91,326 bitcoins acquired for ~$2.211 billion at an average price of ~$24,214 per bitcoin. $MSTRhttps://t.co/QIQP30rv2q
— Michael Saylor⚡️ (@saylor) March 12, 2021
This latest purchase brings the firm’s total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece.
At the time of writing, this is equal to around $5.1 billion, compared to the approximate $2.21 billion MicroStrategy paid for them.
The company’s share price has partly recovered from a month-long downturn, which saw it dip as low as $547.40 on March 5.
MicroStrategy stock was listed at $763 in pre-market trading today and stands at $803.75 at press time.
