Microstrategy Buys More Bitcoin Again — 205 BTC in Total By CoinQuora

Business


Microstrategy Buys More Bitcoin Again — 205 BTC in Total

  • Microstrategy (NASDAQ:) buys an additional 205 bitcoins to increase its holdings
  • The firm paid $10 million in cash with an average price of $48,888 per BTC
  • Microstrategy CEO says that the firm now holds a total of 91,064 bitcoins

Ever since their first bitcoin purchase back in 2020, Microstrategy has consistently been in the news. Now, the firm bought bitcoins again — 205 BTC for $10 million.

According to Michael Saylor, CEO of Microstrategy, the firm now holds a total of 91,064 bitcoins. This amount is worth almost $4.5 billion, at bitcoin’s price at the time of writing. According to Saylor, they bought the bitcoins at an average price of $24,119 per bitcoin.

Back in January, Saylor expressed his optimism for . Back then, he said that 2021 will be a good year for bitcoin. In a CNBC interview, he showed confidence in their bitcoin purchases at the time.

Now, that same confidence shows as the firm started to continuously buy bitcoins, even laying out plans to buy $2000 worth of bitcoins per second.

The Bitcoin market seems to be going more bullish this year as many institutions continue to show interest and buy.

MicroStrategy is currently the largest independent publicly-traded business intelligence company with the leading enterprise analytics platform.

This article first published on coinquora.com

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *