MicroStrategy buys an additional $10 million worth of bitcoin

MicroStrategy has bought an additional 480 bitcoin (BTC) worth around $10 million to its balance sheet.

Founder and CEO Michael Saylor confirmed the bitcoin haul on Twitter.

Microstrategy acquired the new bitcoin at an average price of $20,817.

The purchases were made between May 3 and June 28 while the cryptocurrency market was experiencing a sell-off.

Saylor had mIntained that bitcoin’s near-term volatility was largely irrelevant.

The average purchase price of the Microstrategy’s holdings is now $30,664 per bitcoin, including fees and expenses, according to Wednesday’s filing.

Share: