MicroStrategy Buys Another $94 Million Worth of BTC Amid $49K

MicroStrategy – the company, spearheaded by one of the most popular and prominent Bitcoin permabulls, Michael Saylor – announced today that it had bought another $94 million worth of BTC.

  • MicroStrategy has definitely made a name for itself in the past couple of years when it comes to acquiring BTC.
  • Today, Saylor announced that the company has bought another 1,914 bitcoins for roughly $94.2 million in cash.
  • The average price of the buy was around $49,229 per BTC.
  • At the time of this writing, the company owns 124,391 BTC, which is currently worth around $3.75.
  • The average price that MicroStrategy has on its bitcoin purchases is approximately $30,159.