MicroStrategy adds another $15 million in bitcoin to its treasury holdings


Another day, another bitcoin buy for MicroStrategy.

The publicly traded firm's CEO, Michael Saylor, tweeted Friday morning that MicroStrategy had bought roughly 262 BTC, bringing its total treasury holdings to about 91,326 BTC. Saylor said that the latest buy was "at an average price of ~$57,146 per #bitcoin."

As shown in the chart below, Friday's announcement marks the third of its kind from MicroStrategy since the start of the month.

MicroStrategy's stock has reversed its previous downward trend in recent days after closing just above $620 on March 5. At press time, MicroStrategy's stock is trading hands at $796.14, according to Google data.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC