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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.
MicroStrategy (MSTR) still isn't done buying bitcoin, although its latest purchase is significantly smaller than usual.
STORY CONTINUES BELOW
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- 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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