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.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC