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MicroStrategy Keeps Stacking Sats With Additional $15M Bitcoin Buy

MicroStrategy has bought another 328 bitcoin, bringing its total to 90,859 BTC.

By Zack Voell
Updated May 9, 2023, 3:16 a.m. Published Mar 1, 2021, 1:39 p.m.
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MicroStrategy (MSTR) still isn't done buying bitcoin, although its latest purchase is significantly smaller than usual.

  • The business intelligence firm announced its purchase of an additional 328 BTC for $15 million in cash on Monday.
  • The business intelligence company's latest investment comes less than a week after it spent over $1 billion on bitcoin.
  • To date, MicroStrategy hold 90,859 BTC with an average purchase price of $24,063.
  • That total is worth around $4.38 billion on the market at press time.
  • CEO Michael Saylor tweeted the holdings had been bought for around $2.186 billion, meaning the firm is already sitting on a roughly $2 billion profit.

See also: Corporate Treasuries Are Figuring Out Bitcoin on the Balance Sheet

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