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2 years ago

MicroStrategy Buys Another $94 Million Worth of BTC Amid $49K

George Georgiev Dec 30, 2021 13:20
MicroStrategy has bought another 1,914 BTC worth $94M at an approximate price of $49,229.

MicroStrategy – the company, spearheaded by one of the most popular and prominent Bitcoin permabulls, Michael Saylor – announced today that it had bought another $94 million worth of BTC.

  • MicroStrategy has definitely made a name for itself in the past couple of years when it comes to acquiring BTC.
  • Today, Saylor announced that the company has bought another 1,914 bitcoins for roughly $94.2 million in cash.
  • The average price of the buy was around $49,229 per BTC.
  • At the time of this writing, the company owns 124,391 BTC, which is currently worth around $3.75 billion.
  • The average price that MicroStrategy has on its bitcoin purchases is approximately $30,159.

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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn