Nasdaq-listed MicroStrategy Inc has made another move to shore up its Bitcoin portfolio by purchasing an additional 2574 BTC as announced by Michael Saylor, the company’s Chief Executive Officer.
According to an update posted on his Twitter handle, Saylor revealed that;
“MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin.”
According to the SEC filing detailing the purchase and as shared by the CEO, the company “now hold approximately 40,824 bitcoins,” which it purchased at “an aggregate purchase price of $475.0 million, inclusive of fees and expenses.”
Since MicroStrategy announced its first Bitcoin purchase back in August, the company has not slowed down in shoring up its Bitcoin reserves. MicroStrategy’s bullish nature on Bitcoin is one of the most renowned among Wall Street firms who have taken a position with Bitcoin…
