MicroStrategy dismisses market uncertainty, buys another Bitcoin dip
Cointelegraph
Published Mar 05, 2021 08:45AM ET
Updated Mar 06, 2021 10:40AM ET
MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty.
As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average price of $48,888, spending $10 million in cash to do so. This puts the company’s total Bitcoin holdings at 91,064 BTC worth $4.3 billion. The total cost basis of the BTC is $2,196 billion with an average purchase price of $24,119.
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Written By: Cointelegraph
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