MicroStrategy With Another Huge Bitcoin Buy: Scoops 3000 BTC at $51.8K
MicroStrategy continues with its Bitcoin shopping spree, adding another 3000 BTC to its name.
It appears that Michael Saylor was completely serious when he recently said that he plans on buying Bitcoin forever.
MicroStrategy just announced that they bought another 3,000 BTC, each priced at $51,813. This means they paid around $155 million for it.
With this most recent move, MicroStrategy is currently the proud owner of 193,000 BTC. They’ve paid a total of $6.09 billion for it, putting their average price at $31,544 per BTC.
At current prices, their stack is worth a little less than $10 billion, netting them a return of close to 63%.
MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin . As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR https://t.co/micudbYf3P
— Michael Saylor⚡️ (@saylor) February 26, 2024
The announcement comes very shortly after the official Twitter account of the company was compromised . The hacker posted a link to a fake MSTR token that led to over $400K being stolen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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