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MicroStrategy Splashed Over $5M on Bitcoin (BTC) in October
MicroStrategy Inc (NASDAQ: MSTR) founder and Chair Michael Saylor has shared details about the company’s most recent Bitcoin (BTC) expenses. In an X (formerly Twitter) post, Saylor said that MicroStrategy added another 155 BTCs to its portfolio last month, spending $5.3 million in the process.
This comes after the publicly traded business intelligence company announced in a filing that it purchased 5,445 BTCs between August 1 and September 24. According to the filing, the company spent $147.3 million within that period, meaning that it bought the BTCs at an average price of $27,053 per one.
With the latest addition, MicroStrategy’s total Bitcoin (BTC) holding now stands at 158,400.
Meanwhile, the latest addition appears to have immediately set MicroStrategy up for some quick gains. That is considering how October saw many of the popular crypto assets surging in price.
Bitcoin, for instance, came close to hittin
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