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.
BTC/USD Weekly Chart: TradingView
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:
By loading the tweet, you agree to Twitter’s privacy policy.
Learn more
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.
It is super easy to buy Bitcoin. Just take a look at our exchange comparison!
Follow us on Social Media and subscribe to our free crypto newsletter!
@Telegram
@Instagram
@Twitter
@TikTok
@Facebook
Diskutiere mit uns!
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
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.
You might also like
More from Bitcoin
Bitcoin Price aims for 60K – What is driving BTC prices up?
Bitcoin is sitting close to its ATH price of USD 56,000 and eying USD 60,000. The question is not IF, …
Don’t Buy Bitcoins right now, here’s why
ust three months after reaching $20,000 for the first time ever, Bitcoin hit another impressive milestone, climbing above USD 50,000 …
The 4-year Cycle Model Predicts Bitcoin Price with 95% Accuracy
During the lifespan of Bitcoin, many have attempted to predict its price, and most have failed. It is extremely hard, …
