MicroStrategy Puts Another $10M in Bitcoin
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May 18, 2021

NASDAQ-listed MicroStrategy has purchased an additional 229 Bitcoins for $10 million at an average cost of $43,600.

As a result, the company currently owns 92,000 Bitcoins, on which it has spent a total of $2.2 billion. The average price per Bitcoin paid by the company amounts to $24,400.

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MicroStrategy's earnings from Bitcoin investments amount to $1.8 billion. The software maker remains the largest cryptocurrency owner among public companies, according to Bitcoin Treasuries. The second place is held by Tesla, which owns around 43,200 Bitcoins valued at $1.9 billion

The last time MicroStrategy bought Bitcoins was last May 13, when the company acquired 271 Bitcoins for $15 million at an average cost of $55,300.

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