MicroStrategy doles out $240M on additional Bitcoin purchase

Cointelegraph

Published Sep 13, 2021 08:40AM ET

Updated Sep 13, 2021 10:40AM ET

Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday.

MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin.

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