MicroStrategy can’t just stop buying Bitcoin, till they purchase all the Bitcoin on crypto exchanges.
MicroStrategy CEO, Michael Saylor announced today that the firm has purchased an additional $10 million worth of Bitcoin.
Michael Saylor, CEO of MicroStrategy said:
MicroStrategy has purchased approximately 295 bitcoins for $10.0 million in cash, at an average price of ~ $33,808 per #bitcoin,” announced Saylor on Twitter, adding the company now held 71,079 Bitcoin acquired for $1.145 billion at an average price of ~ $16,109 per Bitcoin.
The enterprise software maker has been purchasing Bitcoin for a while now. First was a $250 million purchase last year, followed by a $450 million and subsequently topped their investment in the number cryptocurrency to over $1 billion.
MicroStrategy has purchased approximately 295 bitcoins for $10.0 million in cash, at an average price of ~ $33,808 per #bitcoin. We now #hodl ~ 71,079 bitcoins acquired for $1.145 billion at average price of ~ $16,109 per bitcoin.https://t.co/lmj3QCgKbw
— Michael Saylor (@michael_saylor) February 2, 2021
Last week, MicroStrategy sent out invitations to companies and top business executives to attend its upcoming seminar on Bitcoin. The firm has also urged companies to diversify their portfolio by buying Bitcoin for their treasury funds.