{"id":151837,"date":"2021-04-05T20:00:16","date_gmt":"2021-04-05T14:30:16","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=151837"},"modified":"2021-04-05T19:35:14","modified_gmt":"2021-04-05T14:05:14","slug":"microstrategy-buys-an-additional-253-bitcoins-for-15-million","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\/","title":{"rendered":"MicroStrategy buys an additional 253 Bitcoins for $15 million"},"content":{"rendered":"

One of the most vocal Bitcoin supporters in the ecosystem, CEO Michael Saylor today announced<\/a> that his company, MicroStrategy has purchased more Bitcoin again. The publicly traded software company has acquired an additional ~253 bitcoins for a cool $15 million in cash at an average price of ~$59,339 per<\/span> Bitcoin.\u00a0<\/span><\/a><\/p>\n

As of 5 April, MicroStrategy has approximately 91,579 Bitcoins which the non-crypto company bought for ~$2.226 billion at an average price of ~$24,311 per coin.<\/span><\/p>\n

The development comes after the business intelligence firm b<\/span>ought<\/span><\/a> an additional 262 Bitcoins for approximately $15 million on 12 March.<\/span><\/p>\n

A primary reason why the firm continues to accumulate Bitcoin stems from Saylor\u2019s own ideas about the future of Bitcoin. According to the CEO, BTC prices will appreciate over time and will eventually morph into a \u201c<\/span>stabilizing influence<\/span><\/a> on the entire global financial system.\u201d<\/span><\/p>\n

Saylor has always believed that Bitcoin is a better hedge than Gold against the risk of monetary inflation and has often argued that companies must add the crypto asset to their balance sheets, instead of holding cash, in order to generate greater long-term returns.\u00a0<\/span><\/p>\n

In terms of the impact of the company\u2019s investment decision on the asset\u2019s price, BTC is trading at <\/span>$58,006.57<\/span><\/a> at press time and the price has been up by 0.5% in the past hour. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the most vocal Bitcoin supporters in the ecosystem, CEO Michael Saylor today announced that his company, MicroStrategy has purchased more Bitcoin again. The publicly traded software company has acquired an additional ~253 bitcoins for a cool $15 million in cash at an average price of ~$59,339 per Bitcoin.\u00a0 As of 5 April, MicroStrategyContinue reading “MicroStrategy buys an additional 253 Bitcoins for $15 million”<\/span><\/a><\/p>\n","protected":false},"author":34,"featured_media":151838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,20],"tags":[],"class_list":["post-151837","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-trading-view"],"acf":[],"yoast_head":"\nMicroStrategy buys an additional 253 Bitcoins for $15 million - AMBCrypto<\/title>\n<meta name=\"description\" content=\"In terms of the impact of the company\u2019s investment decision on the asset\u2019s price, BTC is trading at $58,006.57 at press time.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ambcrypto.com\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MicroStrategy buys an additional 253 Bitcoins for $15 million - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"One of the most vocal Bitcoin supporters in the ecosystem, CEO Michael Saylor today announced that his company, MicroStrategy has purchased more Bitcoin\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ambcrypto.com\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-05T14:30:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/04\/antarctica-3870904_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"851\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alisha Roy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/reporteralisha\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alisha Roy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\\\/\"},\"author\":{\"name\":\"Alisha Roy\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/4ac3cc6b13b31aee74a8cfe6a269f2ce\"},\"headline\":\"MicroStrategy buys an additional 253 Bitcoins for $15 million\",\"datePublished\":\"2021-04-05T14:30:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\\\/\"},\"wordCount\":216,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/antarctica-3870904_1280.jpg\",\"articleSection\":[\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\\\/\\\/ambcrypto.com\\\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\\\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\\\/\",\"url\":\"http:\\\/\\\/ambcrypto.com\\\/microstrategy-buys-an-additional-253-bitcoins-for-15-million\\\/\",\"name\":\"MicroStrategy buys an additional 253 Bitcoins for $15 million - 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