MicroStrategy Buys Another $ 50 Million In Bitcoin (BTC)

coinputin.com – World-famous company MicroStrategy, which has previously attracted attention with its $ 425 million Bitcoin (BTC) investment, has bought Bitcoin again. Business intelligence company MicroStrategy announced it had bought $ 50 million worth of Bitcoin in a notice to the SEC. Michael Saylor, the company’s chief executive, announced on Twitter that they had received another 2,574 Bitcoins at a price of $ 19,427.

Saylor, the following expressions used:

“MicroStrategy purchased approximately 2,574 Bitcoins for $ 50.0 million in cash, with an average price of $ 19,427 per Bitcoin, in accordance with Treasury Reserve policy. We currently hold about 40,824 Bitcoins.”

It had previously received $ 425 million in BTC
Last August, the company made its first $ 250 million purchase of Bitcoin, and exactly 1 month later it received another $ 175 million in BTC. The amount of BTC the company currently holds is 40,824. As we reported earlier, Coinbase becomes a tool for these purchases of the company.

The leading cryptocurrency behind MicroStrategy’s acquisition of Bitcoin is seen as a way to avoid inflation. The company said it was not prudent to hold large amounts of dollars because it thought the US dollar was weakening by the day.

Join our Telegram Channel coinputin for latest cryptocurrency news and discussions..
Leave a Reply