MicroStrategy buys another $10m in bitcoin

Team Luno
Back to blog


1 minute read

MicroStrategy’s bitcoin-buying spree is clearly far from over, with the firm buying a further $10 million in bitcoin last Thursday. The purchase brings its total BTC holdings up to $4.4 billion (~91,064 BTC). It’s paid an average of around $48,888 per coin.

 

CEO Michael Saylor said in a statement: “We will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional bitcoin.”

Avatar Team Luno
Author

Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @lunomoney.

It’s never too late to get started

Buy, store and learn about Bitcoin, Ethereum, XRP and Litecoin now

Desktop Icon Apple App Store Logo Google Play Store Logo