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MicroStrategy adds another $10 million in bitcoin to its holdings

MicroStrategy has made yet another addition to its growing stockpile of bitcoin.

On Tuesday, the publicly traded company bought 229 BTC for $10 million at an average of roughly $44,000 per BTC, according to an 8-K form filed with the Securities and Exchange Commission. 

MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. $MSTR//t.co/fU6LN4WbKI

— Michael Saylor (@michael_saylor) May 18, 2021

MicroStrategy now owns 92,079 bitcoins worth $2.25 billion total for about $24,000 per BTC.

The Virginia-based company has more than doubled its BTC holdings since December 4, 2020 when the company held about 41,000 BTC. In six months, the company purchased bitcoin lots worth $650 million in late December, $10 million in January, twice in February for $10 million for February 2 and $1.02 billion three weeks later, and $15 million in March. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: MicroStrategy adds another $10 million in bitcoin to its holdings

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