- MicroStrategy purchased an additional 295 bitcoins worth $10 million to its treasury.
- In total, MicroStrategy holds over 70,000 BTC at its disposal.
- Last week, MicroStrategy has already bought 314 BTC for the same value.
MicroStrategy has added 295 bitcoins to its funding, holding approximately 71,079 bitcoins at the moment. For $10 million, MicroStrategy CEO Michael Saylor announced that it had purchased additional BTC, following its 314 BTC purchase last week.
Approximately, the multi-billion dollar company now holds $1.145 billion worth of BTC at its disposal. Additionally, they have an average purchase price of approximately $16,109 per bitcoin, inclusive of fees and expenses.
MicroStrategy has purchased approximately 295 bitcoins for $10.0 million in cash, at an average price of ~ $33,808 per #bitcoin. We now #hodl ~ 71,079 bitcoins acquired for $1.145 billion at average price of ~ $16,109 per bitcoin.https://t.co/lmj3QCgKbw
— Michael Saylor (@michael_saylor) February 2, 2021
MicroStrategy has already made significant BTC investments since last year. In detail, the company bought $650 million into Bitcoin at an average price of $21,925 per BTC in December 2020. This is a relatively low value in comparison to the current BTC price of $34,715.05.
Moreover, Saylor has shown optimism toward Bitcoin’s performance this 2021.