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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.
MicroStrategy (MSTR) still isn't done buying bitcoin, although its latest purchase is significantly smaller than usual.
STORY CONTINUES BELOW
- 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
Zack Voell
Zack Voell is a financial writer with extensive experience in cryptocurrency research and technical writing. He has previously worked with leading cryptocurrency data and technology firms, including Messari and Blockstream. His work (and tweets) has appeared in The New York Times, Financial Times, The Independent and more. He owns bitcoin.
