MicroStrategy Announces Shocking $2 Billion Bitcoin Purchase

MicroStrategy has announced its biggest Bitcoin purchase to date

Virginia-based business intelligence firm MicroStrategy has purchased 27,200 coins for $2.03 billion, according to its Monday press release.

The firm purchases its latest batch of Bitcoins at an average price of $74,463.

After its most recent purchase, MicroStrategy's total holdings have now swelled to almost $23 billion. The firm's average purchase price is now approaching the $43,000 mark.

Earlier today, the price of Bitcoin hit yet another record high of $82,379 after surging by nearly 19% within just one week.

The company recently announced that it intended to raise a total of $42 billion in the long term in order to finance its Bitcoin purchases.

As reported by U.Today, MicroStrategy co-founder Michael Saylor recently predicted that nation-states might end up adopting Bitcoin as their treasury asset.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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MicroStrategy Announces Shocking $2 Billion Bitcoin Purchase

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