Cryptocurrency
MicroStrategy Keeps Stacking Sats With Additional $15M Bitcoin Buy
MicroStrategy Keeps Stacking Sats With Additional $15M Bitcoin Buy Reported by Coindesk “MicroStrategy (MSTR) still isn’t done buying bitcoin (BTC, +12.8%), although its latest purchase is significantly smaller than usual. The business intelligence firm announced its purchase of an additional 328 BTC for $15 million in cash on Monday. The business intelligence company’s latest investment comes less than […]
By CJ Reichel · March 1, 2021
MicroStrategy Keeps Stacking Sats With Additional $15M Bitcoin Buy
Reported by Coindesk
“MicroStrategy (MSTR) still isn’t done buying bitcoin (BTC, +12.8%), although its latest purchase is significantly smaller than usual.
- The business intelligence firm announced its purchase of an additional 328 BTC for $15 million in cash on Monday.
- The business intelligence company’s latest investment comes less than a week after it spent over $1 billion on bitcoin.
- To date, MicroStrategy hold 90,859 BTC with an average purchase price of $24,063.
- That total is worth around $4.38 billion on the market at press time.
- CEO Michael Saylor tweeted the holdings had been bought for around $2.186 billion, meaning the firm is already sitting on a roughly $2 billion profit.”
Read the full story at Coindesk.com