MicroStrategy Acquires Another 5,050 Bitcoins
Main page News, Bitcoin, Cryptocurrency
Hot topic
13 September
480 480

Analytics software provider MicroStrategy has just added an additional 5,050 Bitcoins to its holdings, bringing them to 114,042 BTC.

Since the middle of last year, the company has invested $3.16 billion in cryptos. The current value of MicroStrategy's holdings amounts to $5.1 billion, an increase of 42%.

In this latest purchase, the transaction amounted to $242.9 million, with an average Bitcoin price of $48,099. Therefore, the investment was probably made before the collapse of the cryptocurrency market last September 7. Ahead of today's announcement, MicroStrategy CEO Michael Saylor said:

"Slow and steady wins the race."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The company has reported it added 8,957 BTC valued at $420 million to its holdings during the third quarter.

Read also:
Please describe the error