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Bitcoin Bitcoin News TradingView

MicroStrategy Purchases Extra $50 million in Bitcoin

Posted On December 5, 2020 Prasanna 0

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MicroStrategy Inc. has purchased more Bitcoin by paying $50 million at an average buying price of $19,427. The company CEO Michael Saylor announced his company’s third bitcoin purchase on Twitter. At the time of writing this, the Bitcoin price is sitting at 19043.60.

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Bitcoin Price: How to Potentially Make Profit Using Scalping Strategy?

Microstrategy paid $50 million for Bitcoin

MicroStrategy now has nearly 40,824 Bitcoins in whole, as per the filing. CEO Michael Saylor tweeted:

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MicroStrategy bought 2,574 bitcoins for $50.0 million in cash. Due to this move company’s treasury holdings are now roughly 40,824 bitcoins. MicroStrategy first purchased $250 million in bitcoin in August 2020. Accompanied by an extra $175 million value of Bitcoin one month later.

The company CEO Michael Saylor stated that the latest investment is part of MicroStrategy’s treasury reserve policy of avoiding inflation-prone cash for bitcoin.

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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#Bitcoin#bitcoin price#Michael Saylor#MicroStrategy



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