MicroStrategy Acquires 271 Bitcoins for $15 M

by in Cryptocurrency News

MicroStrategy Bitcoin Investment

On May 13 Virginia-based business analytics firm MicroStrategy revealed acquiring 271 Bitcoins for $15 M. The average cost of one unit was about $55.387.

Related: Mining Difficulty of BTC Sets New Record Highs

The company's CEO Michael Saylor informed that overall MicroStrategy holds around 91,850 bitcoins purchased for about $2.241 B.

In August 2020 the enterprise invested in BTC for the first time and from then on has added its funds.

Michael Saylor is a big Bitcoin supporter. He finds that BTC is the most powerful and disruptive technology of our lifetime.

The entrepreneur joined the movement "Laser Eyes" on Twitter in support of the leading coin. He occasionally mentions the coin in his tweets. In one of the tweets, posted today Saylor says that for the first time in history, we have a technology to guarantee the human right to property.

From April 2021 MicroStrategy began to pay its Board of Directors in BTC.