MicroStrategy Buys Additional $25M Worth of Bitcoin During Market Dip

2 years ago

MicroStrategy (Nasdaq: MSTR), the business-intelligence bundle institution that’s taken to accumulating bitcoin, said it bought astir 660 bitcoins for astir $25 cardinal betwixt Dec. 20, 2020 and Jan. 31, 2021.

  • Tysons Corner, Virginia-based MicroStrategy present holds a full of 125,051 bitcoins, valued astatine astir $4.8 cardinal astatine the existent bitcoin terms of $38,700.

  • Shares of MicroStrategy person fallen astir 34% implicit the past month.

  • CEO Michael Saylor has been insistent that the institution has nary plans to merchantability its bitcoin holdings and is successful for the long-term.

DISCLOSURE

The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.

Michael Bellusci is CoinDesk's crypto payments reporter.

Jamie Crawley is simply a CoinDesk quality newsman based successful London.


Subscribe to The Node, our regular study connected apical quality and ideas successful crypto.

By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.

View source