MicroStrategy Buys Another 253 BTC, Now HODLs 0.5% of Bitcoin’s Circulating Supply

MicroStrategy took advantage of yet another consolidation. The publicly-traded business intelligence company announced on Monday that they had purchased an additional 253 BTC for $15 million in cash at an average price of $59,339 per BTC. As of writing, BTC is trading just under $58k, down 6% from its all-time high of $61,700 hit in mid of March. MicroStrategy now holds 91,579 BTC with this latest purchase, representing nearly 0.5% of Bitcoin’s circulating supply. MSTR shares are currently trading at $703.56, down from its ATH of $1,273 on Feb. 9 but up from $123 in August 2020. https://twitter.com/michael_saylor/status/1379040567460564998 The Tahinis Family, which runs Tahinis Restaurants, also purchased 0.5 BTC in accordance with their Treasury Reserve Policy at an average price of CAD 74,446 per bitcoin (approximately $58,762). In August, after MicroStrategy announced that it had added BTC to its balance sheet, the Canada-based restaurant also invested its cash reserves in Bitcoin. [deco-beg-single-coin-widget coin="BTC" graph="true"]