MicroStrategy buys another $10m in bitcoin
MicroStrategy’s bitcoin-buying spree is clearly far from over, with the firm buying a further $10 million in bitcoin last Thursday. The purchase brings its total BTC holdings up to $4.4 billion (~91,064 BTC). It’s paid an average of around $48,888 per coin.
CEO Michael Saylor said in a statement: “We will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional bitcoin.”