Bitcoin

MicroStrategy Buys $190 Million Worth of Bitcoin

MicroStrategy Buys $190 Million Worth of Bitcoin

MicroStrategy, led by one of Bitcoin's most vocal proponents, Michael Saylor, has bought Bitcoin again. This time, the purchase was worth $190 million, increasing total ownership by 4,167 Bitcoins.

One of the largest software companies in the world has again significantly increased its already large cryptocurrency holdings. MicroStrategy has bought Bitcoin through its subsidiary – MacroStrategy – according to a recent release. The company bought a total of $190 million worth of BTC which translates to 4,167 Bitcoins at an average price of $45,714.

As of today, the company owns a total of 129,218 BTC worth almost $4 billion. The average price of the acquisition is approximately $30,700. Continuing to buy Bitcoin, regardless of the market, is the company's strategy, and several representatives, especially its CEO, have already stated on other occasions that they will continue to invest in acquiring Bitcoin.

© 2022, Eva Fox | Tesmanian. All rights reserved.

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Article edited by @SmokeyShorts, you can follow him on Twitter


About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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