coinjournal.net
- MicroStrategy has acquired an additional 3,000 Bitcoin ($BTC) for $155 million.
- The company now holds 193,000 $BTC acquired at an average price of $31,544.
Michale Saylor’s MicroStrategy is continuing with its Bitcoin strategy with another huge purchase of the flagship cryptocurrency.
MicroStrategy buys 3,000 more $BTC
On Monday, the business intelligence company announced it had acquired an additional 3,000 Bitcoin ($BTC) for $155 million. The company’s founder and Chairman Michael Saylor revealed the latest haul via his X account.
According to the announcement, MicroStrategy acquired the 3k $BTC for an average price of $51,813 each. With this, the publicly listed company’s total Bitcoin holdings have increased to 193,000 $BTC. The US-based firm has since its first purchase in 2020 accumulated bitcoin acquired for $6.09 billion.
In the grand scheme of things, MicroStrategy’s Bitcoin acquisition has been at an average price of $31,544.
MicroStrategy has acquired an additional 3,000 $BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR https://t.co/micudbYf3P
— Michael Saylor⚡️ (@saylor) February 26, 2024
MicroStrategy’s latest purchase came as $BTC price retreated from the recent highs of $53,000. While some analysts say $BTC could dip below $50k and likely bounce from the $48k support level, many remain extremely bullish.
On February 20, Saylor called $BTC “the exit strategy” highlighting his company’s long term view.
The company bought $615 million worth of $BTC in December 2023.