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More Bitcoin! Michael Saylor’s MicroStrategy just keeps buying BTC

Published 03/01/2021, 09:03 AM
Updated 03/01/2021, 11:00 AM
More Bitcoin! Michael Saylor’s MicroStrategy just keeps buying BTC
BTC/USD
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MicroStrategy’s Bitcoin buying spree shows no signs of slowing after CEO Michael Saylor announced the purchase of another 328 Bitcoin (BTC) on Monday. The acquisition, which was paid for in cash, cost the firm around $15 million and equated to an average coin price of $45,710 at the time of purchase.

The investment takes MicroStrategy’s total Bitcoin holdings to 90,859 coins — a haul worth $4.3 billion based on the current price. The firm has essentially dollar-cost-averaged into Bitcoin over the course of the past five months, leaving the average price of each of its Bitcoin purchases at $24,063 per coin. Saylor tweeted on Monday:

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