MicroStrategy Deepens Its Crypto Bet With Another $240 Million Spent On Bitcoin

HeadlinesNewsMicroStrategy Deepens Its Crypto Bet With Another $240 Million Spent On Bitcoin

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MicroStrategy Deepens Its Crypto Bet With Another $240 Million Spent On Bitcoin

NewsBTC14 days ago
Published on September 14, 2021 23:00 GMT+00:00edited on September 15, 2021 11:31 GMT+00:00

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MicroStrategy has stuck to its bitcoin strategy through thick and thin. At this point, every dip seems to be a buying opportunity for the firm, which has completely thrown its weight behind bitcoin. Its CEO Michael Saylor is a maximalist that believes the future is bitcoin. MicroStrategy has been upping its bitcoin investment through the year, garnering a stash of over 100K bitcoins.

Even now, the firm continues to straighten its position in the digital asset. CEO Michael Saylor announced that the firm had bought another 5,050 bitcoins, bringing the total assets held by the company to approximately 114,042 bitcoins. The 5,050 bitcoins were bought for around $242 million, with an average price of $48,099 per BTC. This brings the total amount of the digital asset held by the firm to $3.6 …