MicroStrategy Buys $190.5M Worth of Bitcoin

MicroStrategy Buys $190.5M Worth of Bitcoin
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MicroStrategy Buys $190.5M Worth of Bitcoin

MicroStrategy (MSTR), the bitcoin-accumulating business-intelligence software company, said it bought another 4,167 BTC for around $190.5 million.

  • The Tysons Corner, Va.-based firm paid an average of $45,714 per bitcoin, it said in a statement Tuesday.
  • MicroStrategy now holds a total of 129,218 bitcoins, valued at around $6 billion at the current price of about $46,742.
  • CEO Michael Saylor has said on several occasions that the company plans to hold the bitcoin long term and has no plans to sell it.

Read more: Bitcoin’s Implied Volatility Suggests Recovery Set to Continue

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