$ 489 Million Bitcoin Purchase By MicroStrategy

MicroStrategy, one of the most important institutional investors of Bitcoin, announced that it has purchased approximately 500 million dollars worth of BTC.

$ 489 million Bitcoin purchase by MicroStrategy. MicroStrategy, which is one of the most important investors of the most valuable cryptocurrency in terms of market value, and known for its interest in cryptocurrencies, has purchased Bitcoins worth 489 million dollars. Micheal Saylor, the CEO of the company and one of the biggest supporters of Bitcoin, made a statement on his Twitter account. According to the statement, MicroStrategy purchased another 13,005 BTC at an average price of $37,617 per Bitcoin. This BTC purchase, which came in the middle of the decline that started with the news from China, corresponds to about 489 million dollars. The amount of Bitcoin held by MicroStategy with this purchase was recorded as 105,085. The subsidiary of the company, MacroStrategy LLC, holds about 92,079 of the Bitcoins.

Bought $500 Million BTC Last Week

Announcing that it will sell debt bonds by making a statement last week, MicroStrategy made a new statement and announced that it has completed its purchase of Bitcoin. Stating that they wanted to turn the decline in the cryptocurrency market into an opportunity the previous month, the company later officially announced that it had purchased $500 million worth of BTC.