MicroStrategy buys another $10 million of Bitcoin, and it’s now sitting on over $2 billion in BTC

 MicroStrategy buys another $10 million of Bitcoin, and it’s now sitting on over $2 billion in BTC


Count on Micheal Saylor to buy all of your Bitcoins the minute you cease paying consideration.

The MicroStrategy CEO introduced at the moment that the enterprise software program maker had bought over $10 million value of Bitcoin, including to its struggle chest of over two billion {dollars} value of the asset already.

“MicroStrategy has bought roughly 295 bitcoins for $10.0 million in money, at a median worth of ~ $33,808 per #bitcoin,” introduced Saylor on Twitter, including the corporate now held 71,079 Bitcoin acquired for $1.145 billion at a median worth of ~ $16,109 per Bitcoin.

Saylor, and MicroStrategy, have been buying Bitcoin since final 12 months, beginning with a $250 million buy that expanded extra to over $450 million, to later over a billion {dollars}. The agency has pledged to take a position all of its extra treasury funds into Bitcoin transferring ahead.

The agency can be urging different firms to purchase Bitcoin for his or her treasury funds. Final week, as CryptoSlate reported, MicroStrategy invited firms and enterprise executives to its upcoming seminar on the asset class whereby the agency shall launch its “Bitcoin Playbook.”

That, in flip, is claimed to include authorized, governance, and monetary issues for different firms to contemplate and consult with whereas making their very own Bitcoin purchases.

It is going to be introduced by MicroStrategy CFO Phong le, who will walkthrough firms and attendees about key strategic and operational issues and related steps to contemplate for firms integrating Bitcoin right into a treasury reserve technique.

In the meantime, the information of at the moment’s buy got here proper after Saylor stated this morning, “My formulation for fulfillment is rise early, work late, and purchase #bitcoin.” 

However who knew he would truly find yourself doing that?

Replace: An earlier model of this text incorrectly said how a lot Bitcoin MicroStrategy owns.

Bitcoin, at present ranked #1 by market cap, is up 2.38% over the previous 24 hours. BTC has a market cap of $644.47B with a 24 hour quantity of $61.08B.

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