MicroStrategy continues with its frequent bitcoin purchases, with another one worth $25 million.
The NASDAQ-listed business intelligence giant has stayed true to its word to acquire more bitcoins no matter the market conditions. The firm’s CEO announced the latest purchase worth $25 million.
Michael Saylor took it to Twitter to outline the latest acquisition made by the company, in which it spent $25 million to buy 660 bitcoins. This meant that the average price of the transaction was $37,865. It’s worth noting that this purchase came at the end of January as its total stash exceeded 125,000 as of the end of that month.
As of now, the firm has spent $3.78 billion to acquire its bitcoin pile at an average price of $30,200 per coin. MicroStrategy has purchased an additional 660 bitcoins for ~$25.0 million in cash at an average price of ~$37,865 per
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