Institutions Accumulation - MicroStrategy adds another 295 Bitcoin worth $10 Million

Company now holds approximately 71,079 bitcoin in its portfolio

After the purchase of $10 Million bitcoin last week by MicroStrategy, which is a company that provides business intelligence, mobile software, and cloud-based services on February 2, 2021, announced that it had purchased another 295 bitcoins for $10 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $33,810 per bitcoin, inclusive of fees and expenses.

Source - microstrategy.com

As of February 2, 2021, the Company holds approximately 71,079 bitcoins that were acquired at an aggregate purchase price of $1.145 billion and an average purchase price of approximately $16,109 per bitcoin, inclusive of fees and expenses.

It shows on one side some of the whales and miners selling bitcoin and on the other side big known bitcoin holding companies increasing the number of bitcoins in their portfolios. With the news of the recent purchase announcement market sentiments again trying to be positive and at the time of publishing bitcoin price is trading again over $34,800. #Bitcoin #MicroStrategy #Crypto

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