70.9 F
New York
70.9 F
New York
Wednesday, August 4, 2021

Microstrategy Grabs $15 Million More Bitcoin — Now Holds 91,850 BTC in Treasury – Featured Bitcoin News

- Advertisement -spot_img

Nasdaq-listed Microstrategy has bought the dip and purchased $15 million more bitcoins, taking advantage of the falling price for the cryptocurrency after Tesla CEO Elon Musk revealed that his company has suspended accepting bitcoin for payment. Microstrategy now holds about 91,850 bitcoins.

  • Microstrategy announced Thursday that it has purchased $15 million more in bitcoin. CEO Michael Saylor tweeted:

Microstrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per bitcoin.

  • In the company’s filing with the U.S. Securities and Exchange Commission (SEC), Microstrategy declared that as of May 13, the company holds about 91,850 bitcoins that it acquired for approximately $2.241 billion at an average price of about 24,403 per bitcoin.
  • The price of bitcoin is currently $50,250 based on data from markets.Bitcoin.com. It plummeted Wednesday evening to a low of $45,700 but regained some of the losses after Elon Musk announced that Tesla has suspended accepting bitcoin payments.

What do you think about Microstrategy loading up more bitcoin? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. OTCBBStockNews.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

- Advertisement -spot_img
Lena Berryhttps://otcbbstocknews.com
Lena Berry is the executive editor of OTC BB Stock News. Apart from managing the large team of writers, you will find her writing about various topics.
spot_img

Latest news

- Advertisement -spot_img

Related news

- Advertisement -spot_img
Subscribe to our newsletter.We never spam.