Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Business » Microstrategy Purchases Additional 262 Bitcoin for $15 Million 

Microstrategy Purchases Additional 262 Bitcoin for $15 Million 

by

Michael Saylor purchased an additional 262 Bitcoin for an average price of $57,146. His company MicroStrategy now holds 91,326 Bitcoin.

Microstrategy Buys Another $10 Million of BTC in Cash
Shutterstock image by JHVEPhoto

Share this article

Microstrategy now holds more than 90,000 Bitcoin following the CEO’s latest purchase. 

Microstrategy Holds More Than $5 Billion in Bitcoin

Serial Bitcoin investor Michael Saylor has announced another $15 million Bitcoin purchase.

After declaring in February that Bitcoin was going to be a $100 trillion asset (meaning a price per Bitcoin of around $5 million), Bitcoin is still in an accumulation phase, according to the CEO.

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

Saylor began buying Bitcoin in August and has since been joined by other major Silicon Valley companies, none more famous than Tesla. He has also given seminars and presentations to other CEOs to explain the value proposition of Bitcoin.

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

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.