Microstrategy Buys the Dip, Adds $10 Million Bitcoin

Nathan van der Heyden

Mar. 5, 2021

Michael Saylor purchased an additional 205 Bitcoin on Friday. His company MicroStrategy now holds 91,064 Bitcoin.

Microstrategy Buys Another $10 Million of BTC in Cash

Shutterstock image by JHVEPhoto

Microstrategy has again bought the Bitcoin dip. This time, the firm is adding another $10 million to its treasury.

Serial Bitcoin Buyers

This is only the latest investment in Bitcoin for serial buyers MicroStrategy. While this one is less substantial than the $1 billion investment on Feb. 24, it sends a clear message: The bull market is far from over.

Saylor isn’t alone either. Though Microstrategy has been a catalyst for institutional investment, many companies, including Tesla, have begun to add BTC to their balance sheet. Some even regret not having bought it earlier. This week, legendary investor Jim Rogers said that he “wished” he had bought BTC.

This brings the total Bitcoin holdings of MicroStrategy to an astronomical $2.2 billion. The company now holds over 90,000 BTC, purchased at an average price of $24,119.

Disclosure: The author held BTC at the time of press.

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