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MicroStrategy Buys Another $50 Million in Bitcoin

Amy Liu

Summary: Michael Saylor, chief executive officer of MicroStrategy, a listed business intelligence company, said on Twitter today that MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. The company now holds approximately 40,824 bitcoins. By Amy Liu

Michael Saylor, chief executive officer of MicroStrategy, a listed business intelligence company, said on Twitter today that MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. The company now holds approximately 40,824 bitcoins.

By Amy Liu

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