MicroStrategy Drops Another $10 Million on Bitcoin
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Business intelligence firm MicroStrategy has spent a further $10 million on Bitcoin, according to an announcement today.
The firm has purchased 295 more Bitcoin, bringing its total holdings to 71,079. The average price it paid for this Bitcoin was $16,109.
MicroStrategy has purchased approximately 295 bitcoins for $10.0 million in cash, at an average price of ~ $33,808 per #bitcoin. We now #hodl ~ 71,079 bitcoins acquired for $1.145 billion at average price of ~ $16,109 per bitcoin.https://t.co/lmj3QCgKbw
— Michael Saylor (@michael_saylor) February 2, 2021
MicroStrategy has now spent a total of $1.145 billion on buying Bitcoin, as part of its treasury investment policy. It now owns around $2.5 billion in Bitcoin.
MicroStrategy CEO Michael Saylor tweeted earlier today, “My formula for success is rise early, work late, and buy #bitcoin.” Looks like he wasn’t kidding.
