Bitcoin whale MicroStrategy buys additional 271 BTC

Cointelegraph

Published May 13, 2021 03:00PM ET

Updated May 14, 2021 02:00AM ET

MicroStrategy, a Virginia-based business intelligence firm, has added another 271 Bitcoin (BTC) to its strategic reserves, underscoring CEO Michael Saylor’s growing conviction in the digital asset.

The purchases were made through May 13 for an average price of $55,387, Saylor disclosed on Thursday. MicroStrategy now has 91,850 BTC on its books for an average purchase price of $24,403.

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