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Michael Saylor's MicroStrategy buys another 7,002 bitcoins for $414 million — keeping its promise to keep adding the crypto
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MicroStrategy, the analysis software maker led by crypto bull Michael Saylor, has snapped up more bitcoin as it holds to its promise to keep buying more of the leading digital currency.
The company bought 7,002 bitcoins at a cost of $414 million in its fourth quarter so far — between October 1 and November 29 — it said in a Securities and Exchange Commission filing Monday. That brings its total stockpile to 121,044 tokens.
It paid an average of $59,187 per bitcoin, during a period when the cryptocurrency rallied, then fell back. Bitcoin began surging in October, lifted by excitement around the SEC's approval of the first bitcoin futures ETFs. It hit a record high of $69,044 on November 10, but has retreated to trade at
Read more on markets.businessinsider.comAbout this in other media
MicroStrategy took advantage of the crypto sell-off to add 1,434 bitcoin to its stash in the last week markets.businessinsider.com /3 years ago
MicroStrategy Spends Another USD 82m on Bitcoin cryptonews.com /3 years ago
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