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microstrategy

Microstrategy Incorp. bought another 660 Bitcoins during the market dip

In a recent tweet, Michael Saylor, Co-founder of Microstrategy revealed that the company has bought an additional $25 million worth of Bitcoin. The company now holds 125,051 bitcoins at an average price of 30,200 per Bitcoin.

It is not a surprise that they like to buy Bitcoin. As they made the announcement, the stocks of Microstrategy jumped up 4% on Tuesday morning. The Virginia-based company now holds more Bitcoins than any other corporation in the world according to an analysis from CoinGecko.

Microstrategy
Source: Coingecko

Microstrategy And Bitcoin: 

According to the company’s filing with SEC, they purchased these assets during  Dec. 30, 2021, and Jan. 31, 2022. 

“Microstrategy will continue to buy more Bitcoin and to evaluate opportunities to raise capital to buy digital assets,” says Saylor.

Last month, Saylor said that they have adopted the tactic to heavily invest in crypto to face highly substantial competitors in the tech market.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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