BEI%20banner_edited.jpg

Institutions Buying the Dip - MicroStrategy adds another 314 Bitcoin worth $10 Million

Company now holds approximately 70,784 bitcoin in its portfolio

After the big purchase of approximately 8700 bitcoin this week by Grayscale now MicroStrategy, which is a company that provides business intelligence, mobile software, and cloud-based services on January 22, 2021, announced that it had purchased another 314 bitcoins for $10 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808 per bitcoin, inclusive of fees and expenses.

Source - microstrategy.com

As of January 22, 2021, the Company holds approximately 70,784 bitcoins that were acquired at an aggregate purchase price of $1.135 billion and an average purchase price of approximately $16,035 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 $32000. #Bitcoin #MicroStrategy #Crypto #GrayScale

0 comments