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Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High
This latest purchase brings the firm's total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece.
Business analytics firm MicroStrategy has made yet another large bitcoin purchase, buying a further $15 million worth.
STORY CONTINUES BELOW
- MicroStrategy announced Friday it purchased approximately 262 more BTC at an average price per coin of $57,146, just a little over $1,000 away from the cryptocurrency's all-time high.
- This latest purchase brings the firm's total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece.
- At the time of writing, this is equal to around $5.1 billion, compared to the approximate $2.21 billion MicroStrategy paid for them.
- The company's share price has partly recovered from a month-long downturn, which saw it dip as low as $547.40 on March 5.
- MicroStrategy stock was listed at $763 in pre-market trading today and stands at $803.75 at press time.
See also: MicroStrategy Keeps Stacking Sats With Additional $15M Bitcoin Buy
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
