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MicroStrategy Founder Confirms The Company Has Bought Another $175 Million BTC

Mary Liu

Summary: Michael Saylor, founder, and CEO of Nasdaq-listed business intelligence company MicroStrategy confirmed today on Twitter that in addition to the purchased 21,454 BTC earlier this summer, the company purchased another 16,796 BTC at a price of $175 million. To date, the company has purchased 38,250 BTC for a total price of $425 million.  Bitpush Previously reported, MicroStrategy positioned ...

Michael Saylor, founder, and CEO of Nasdaq-listed business intelligence company MicroStrategy confirmed today on Twitter that in addition to the purchased 21,454 BTC earlier this summer, the company purchased another 16,796 BTC at a price of $175 million. To date, the company has purchased 38,250 BTC for a total price of $425 million. 

Bitpush Previously reported, MicroStrategy positioned the purchase of Bitcoin as a hedge against inflation.

By Mary Liu

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