MicroStrategy Purchases More Bitcoin Worth $10 million
MicroStrategy has purchased even more Bitcoin, this time 295 BTC. Now imagine them buying 295 at $30+k and these hacks who refused and balked from every price point; Saylor and corps such as MicroStrategy have seen the writing on the wall and know exactly where this train is headed or else they wouldn’t be buying at such prices. Moon incoming, big time.
MicroStrategy purchases more bitcoin worth $10 million
Publicly-traded MicroStrategy announced Tuesday that it had purchased an additional 295 bitcoin for $10 million in cash.
This brings MicroStrategy’s total bitcoin holdings to 71,079 bitcoin, worth about $2.5 billion at current prices.
The company’s bitcoin bet appears to have paid off well so far. MicroStrategy acquired these bitcoins at an aggregate price of around $1.15 billion, or at an average price of around $16,109 per bitcoin. Currently, bitcoin’s price is trading at around $34,850.