• 24/04/2024 06:32

MicroStrategy purchased 3 thousand additional bitcoins

MicroStrategy purchased an additional 3,000 BTC. This was announced by the founder of the company, Michael Saylor, writes ForkLog.

 MicroStrategy purchased 3 thousand additional bitcoins

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According to a report to the US Securities and Exchange Commission, in the period from 15 through February 25, the firm bought bitcoins for approximately $155.4 million at an average price of $51,813.

According to Saylor, MicroStrategy owns 193,000 BTC worth approximately $6.09 billion (average price $31,544).

In October, MicroStrategy purchased 155 BTC for $5.3 million. In November, the company purchased an additional 16,130 BTC for $593.3 million, and in December, another 14,620 BTC for $615.7 million.

In February 2024, the company reported the purchase of 850 BTC for $37.2 million a month earlier. By this time, the volume of reserves in the first cryptocurrency reached 190,000 BTC.

Earlier, Saylor said that in the short and long term the company does not intend to sell the reserves of the first cryptocurrency.

Recall that MicroStrategy intends to re-profile itself as a “company developing Bitcoin and products based on it.” Since its inception, it has focused on the creation and support of analytical software.


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