Microstrategy Bitcoin bet turns green as BTC price climbs to 10-month high
Cointelegraph
Published Apr 11, 2023 08:59AM ET
Updated Apr 11, 2023 12:20PM ET
Business intelligence and Fortune 500 company Microstrategy’s Bitcoin (BTC) investment has turned green again as BTC broke past the critical resistance of around $29,000 to record a new 10-month high of $30,163.
Microstrategy (NASDAQ:MSTR) started investing in Bitcoin in the second quarter of 2020 when the BTC price was trading around $10,000. Since then, the business intelligence firm had made a series of BTC purchases over the period of two years. The firm has accumulated a total of 140,000 Bitcoin acquired for nearly $4.17 billion at an average price of $29,803 per BTC.
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Written By: Cointelegraph
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