More Bitcoin! Michael Saylor’s MicroStrategy just keeps buying BTC
Michael Saylor announced MicroStrategy's acquisition of another $15 million worth of Bitcoin as MicroStrategy continues to dollar-cost-average into BTC. MicroStrategy’s Bitcoin buying spree shows no signs of slowing after CEO Michael Saylor announced the purchase of another 328 Bitcoin (BTC) on Monday. The acquisition, which was paid for in cash, cost the firm around $15 million and equated to an average coin price of $45,710 at the time of purchase.The investment takes MicroStrategy’s total Bitcoin holdings to 90,859 coins — a haul worth $4.3 billion based on the current price. The firm....
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Michael Saylor is one of the most vocal supporters of bitcoin and is CEO of MicroStrategy, the company with the largest bitcoin holdings in the world. The CEO has always been a big proponent of the digital asset, taking both a personal and professional stake in the asset. Saylor had revealed in 2020 that he holds over 17,000 BTC. At this time, bitcoin was still trading below $30,000 and Saylor had said that he got all of his holdings for an average of $9,882. Bitcoin has since grown over 100% since the CEO made his big reveal, pushing the value of Saylor’s holdings to almost $1 billion.....
Michael Saylor’s MicroStrategy has bought aggressively during the current bitcoin price dip, accumulating 229 BTC for $10 million.
MicroStrategy purchased an additional 3,907 bitcoin for about $177 million in cash during the third quarter period.