Today news
About the same in other media
MicroStrategy took advantage of the crypto sell-off to add 1,434 bitcoin to its stash in the last week
Reading now: 545
Joe Raedle/Getty Images
MicroStrategy bought the bitcoin dip.
The business intelligence company said it purchased1,434 bitcoins for about $82.4 million between November 29 and December 8. The average price was approximately $57,477, for a total of about $82.4 million. Part of that purchase came during a brutal sell-off on December 4, when the price of bitcoin plunged more than 20%. Prices have risen since, but are still far off of their most recent highs of about $69,000.
The company said it now holds a total of 122,478 bitcoins purchased at an average price of about $29,861 per bitcoin. At a current price of about $49,000, MicroStrategy's investment is worth about $6 billion.
CEO Michael Saylor, who famously lost $6 billion in a single day
Read more on markets.businessinsider.comAbout this in other media
Michael Saylor says bitcoin doesn't need Warren Buffett's support — and notes Microsoft has thrived without the investor's backing markets.businessinsider.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
