Wednesday, April 21, 2021
Home Crypto News Market MicroStrategy Buys More Bitcoin Worth $15 Million

MicroStrategy Buys More Bitcoin Worth $15 Million

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MicroStrategy announced that it had purchased 253 Bitcoins worth $15 million. The company’s balance sheet includes 91,579 Bitcoins as of April 5th.

MicroStrategy announced today that it is expanding its Bitcoin reserve in a document submitted to the SEC. The company put the average purchase price of the 253 Bitcoins it bought today at $59,339. BTC/USD is trading at $57,994 on Coinbase at the time of writing.

There are 91,579 BTC in reserve

The company first announced its cryptocurrency investments in August 2020, has since purchased 91,579 Bitcoins in total with an average purchase price of $24,311, spending a total of $5 billion 311 million on BTC.

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The company earned 138% on its Bitcoin Investment and doubled its money. MicroStrategy shares price was $123.92 on July 31, compared to $703.56 today.

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I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.


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