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Purchase the Dip: Microstrategy Grabs $15 Million Extra Bitcoin — Now Holds 91,850 BTC in Treasury

05/13/2021
Buy the Dip: Microstrategy Grabs $15 Million More Bitcoin — Now Holds 91,850 BTC in Treasury

Nasdaq-listed Microstrategy has purchased the dip and bought $15 million extra bitcoins, profiting from the falling value for the cryptocurrency after Tesla CEO Elon Musk revealed that his firm has suspended accepting bitcoin for cost. Microstrategy now holds about 91,850 bitcoins.

  • Microstrategy introduced Thursday that it has bought $15 million extra in bitcoin. CEO Michael Saylor tweeted:

Microstrategy has bought an extra 271 bitcoins for $15.0 million in money at a median value of ~$55,387 per bitcoin.

  • Within the firm’s submitting with the U.S. Securities and Trade Fee (SEC), Microstrategy declared that as of Might 13, the corporate holds about 91,850 bitcoins that it acquired for about $2.241 billion at a median value of about 24,403 per bitcoin.
  • The value of bitcoin is presently $50,250 based mostly on knowledge from markets.Bitcoin.com. It plummeted Wednesday night to a low of $45,700 however regained a few of the losses after Elon Musk introduced that Tesla has suspended accepting bitcoin funds.

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