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MicroStrategy Doubles Down on Bitcoin, Adds 21,550 BTC
Summary: MicroStrategy, the software firm led by Michael Saylor, has further solidified its position as a major Bitcoin holder. The company revealed in a regulatory filing that it purchased an additional 21,550 bitcoins last week at an average price of $98,783 per coin, totaling a whopping $2.1 billion. To finance this significant purchase, MicroStrategy sold $2.13 ...
MicroStrategy, the software firm led by Michael Saylor, has further solidified its position as a major Bitcoin holder.
The company revealed in a regulatory filing that it purchased an additional 21,550 bitcoins last week at an average price of $98,783 per coin, totaling a whopping $2.1 billion.
To finance this significant purchase, MicroStrategy sold $2.13 billion worth of its stock. This strategic move highlights the company's unwavering commitment to Bitcoin as a long-term investment.
With this latest acquisition, MicroStrategy now owns over 2% of the total supply of Bitcoin, solidifying its status as one of the largest corporate holders of the cryptocurrency.
Tags: BTC,MicroStrategy
Link: MicroStrategy Doubles Down on Bitcoin, Adds 21,550 BTC [Copy]
