Business intelligence firm MicroStrategy bought an additional $15.0 million in bitcoin to bring its total holdings in the cryptocurrency to $21.86 billion, its chief executive officer Michael Saylor announced in a tweet.
MicroStrategy has purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per #bitcoin. As of 3/1/2021, we #hodl ~90,859 bitcoins acquired for ~$2.186 billion at an average price of ~$24,063 per bitcoin. $MSTRhttps://t.co/fGH5KacsPI— Michael Saylor (@michael_saylor) March 1, 2021
- The additional 328 bitcoins were purchased in cash at an average price of $45,710. This brings MicroStrategy’s total holdings to 90,859 bitcoins acquired at an average price of $24,063.
- Saylor in February expressed belief that bitcoin can serve as a dependable store of value, and MicroStrategy will continue to acquire more with excess cash subject to market conditions.
“The Company remains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin,” Saylor said in a filing late last month.
MSTR: Nasdaq is up 2.57%