MicroStrategy Buys $175M More in Bitcoin, Upping BTC Holdings to $425M
Michael Saylor, the founder of MicroStrategy, said Tuesday his company has acquired an additional $175 million in bitcoin (BTC) in a single purchase.
Sep 15, 2020 at 1:30 p.m. UTCUpdated May 9, 2023 at 3:11 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HKXTUFQMDVCRLDBVKGTQHSSB7M.jpg)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
Michael Saylor, the founder of MicroStrategy, said Tuesday his company has acquired an additional $175 million in bitcoin (BTC) in a single purchase.
- Saylor said on Twitter that his business intelligence company had completed the acquisition of 16,796 bitcoin on Monday.
14:12
Why MoonPay and PayPal Partnered to Expand Crypto Adoption in the U.S.
00:55
Friend.Tech's Native Token Tanks After Airdrop
01:56
Coinbase's Blowout First Quarter; Could Hong Kong ETFs See $1B AUM by 2024 End?
00:59
BronxCrypto Founder on Major Challenges Faced by Crypto Education
- This has significantly increased the total size of MicroStrategy's bitcoin holdings up to 38,250 bitcoin – worth roughly $416 million at current prices.
- MicroStrategy told the Securities and Exchange Commission (SEC) on Monday that it "may increase" its BTC holdings above the $250 million purchased in August.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)