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MicroStrategy Buys More Bitcoin Worth $15 Million

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Mark Brennan
Author: Mark Brennan
Less than 1 min.read
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bitcoin btc

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.

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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