MicroStrategy just doubled down on its Bitcoin investment. The business intelligence company announced today that they purchased an additional $347 million in Bitcoin, bringing total holdings to 152,333 BTC.
More Bitcoins Into The Purse
Microstrategy has been a long supporter of Bitcoin, with former CEO Michael Saylor referring to the cryptocurrency as the digital synthetic successor to gold. He has also been vocal about Bitcoin’s potential as a hedge against inflation, much like physical gold.
The firm started buying Bitcoin back in August 2020 worth over $250 million and hasn’t slowed down since. According to a Twitter post by Michael Saylor, this latest buy of 12,333 BTC was purchased at an average price of $28,136 per bitcoin between April 29, 2023, and June 27, 2023.
This brings the total purchase up to approximately $4.52 billion at an average price of $29,668 per bitcoin inclusive of fees and expenses. MicroStrategy, together with its subsidiaries, currently holds an aggreg
We współpracy z: https://bitcoinist.com/microstrategy-doubles-down-on-bitcoin/
