MicroStrategy Announces Bitcoin Purchase as BTC Price Plunges


Virginia-based business intelligence firm MicroStrategy has purchased an additional $243 million worth of Bitcoin, according to a Monday filing

This time, the average purchase price was $95,972 per Bitcoin. 

This is the tenth consecutive weekly Bitcoin announcement made by the company. 

As reported by U.Today, the leading corporate Bitcoin holder previously revealed a $101 million Bitcoin purchase on Jan. 5. 

With the latest addition, the company’s Bitcoin holdings have now eclipsed the 450,000 BTC mark in a major milestone. 

The most recent announcement came shortly after the price of the leading cryptocurrency slipped to an intraday low of $90,198. 

The MicroStrategy (MSTR) stock is also down more than 4% in pre-market trading. 

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.



Source link

Previous articleUSB-C vulnerability could result in new iPhone jailbreaks