Express

MicroStrategy Purchases An Additional $650 Million Bitcoin

Emily Mason

Summary: Business intelligence firm MicroStrategy is now the fifth largest Bitcoin hodler after it invested an additional $650 million in the leading cryptocurrency, according to a recent announcement. The Company now holds around 70,470 Bitcoin, which were acquired at an aggregate purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per Bitcoin, inclusive of fees ...

Business intelligence firm MicroStrategy is now the fifth largest Bitcoin hodler after it invested an additional $650 million in the leading cryptocurrency, according to a recent announcement.

The Company now holds around 70,470 Bitcoin, which were acquired at an aggregate purchase price of approximately $1.125 billion and an average purchase price of approximately $15,964 per Bitcoin, inclusive of fees and expenses.

Michael Saylor, MicroStrategy CEO said that the acquisition reaffirms the firm’s belief that Bitcoin is a dependable store of value.

By Emily Mason

Last Update:

Tags: ,,,
Link: MicroStrategy Purchases An Additional $650 Million Bitcoin   [Copy]
Next:

Related Articles

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 5 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 11 days ago

    • You need to login to comment.