MicroStrategy Acquires Additional $15 Million in Bitcoin

MicroStrategy Acquires Additional $15 Million in Bitcoin at Average Price of $59,339.

Microstrategy announced that it purchased $15 million worth of Bitcoin. The company‘s CEO, Michael Saylor, tweeted this morning that his company had bought approximately 253 BTC, bringing its total holdings to about 91,579 BTC. In his tweet, Saylor said that the company’s latest buy was at an average cost of $59,339 per Bitcoin, which is about $1,600 below the cryptocurrencys all-time high.

With Bitcoin prices hovering around the $59,000 mark at the time of writing, Microstrategy‘s current holdings amount to more than $52 billion dollars. Since his company’s first Bitcoin purchase last August, Saylor has remained incredibly bullish on his bet. When Microstrategys $550 million cash reserve ran dry from purchasing Bitcoin, he raised a $650 million corporate bond to buy even more. This February, the company raised another $1.05 billion in a bonds-for-Bitcoin offering.

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