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Microstrategy Adds 295 BTC With $10 Million In Cash

Mary Liu

Summary: MicroStrategy is accumulating its BTC holdings. The company purchased approximately 295 BTC with $10 million in cash, with an average cost of approximately $33,808 per coin, according to the official announcement. As Bitcoin price rises, so do holding costs. As of February 2, 2021, the company holds approximately 71,079 BTC, with an average cost of approximately ...

MicroStrategy is accumulating its BTC holdings.

The company purchased approximately 295 BTC with $10 million in cash, with an average cost of approximately $33,808 per coin, according to the official announcement.

As Bitcoin price rises, so do holding costs. As of February 2, 2021, the company holds approximately 71,079 BTC, with an average cost of approximately $16,109 per coin. In total, MicroStrategy has spent $1.145 billion in Bitcoin investment.

By Mary Liu

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