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MicroStrategy Buys More Bitcoin as Price Sees Mild Recovery

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Alex Dovbnya

The enterprise intelligence agency has added 301 cash to its stash, underscoring its dedication to the most important cryptocurrency

Enterprise intelligence agency MicroStrategy has acquired one other $6 million value of Bitcoin for $19,851 per coin, in accordance with a regulatory submitting printed earlier this Tuesday. 

The Tysons, Virginia-headquartered agency now and its subsidiary personal a complete of 130,000 bitcoins that had been acquired for about $3.89 billion at press time.

The corporate is down roughly $1.5 billion on its extraordinarily audacious Bitcoin guess that’s now broadly considered as a failure. 

Nevertheless, regardless of sitting on humongous losses, the corporate will not be backing away from its technique, with its former CEO Michael Saylor remaining an ardent proponent of the most important cryptocurrency.


Bitcoin is at the moment buying and selling at $19,170 on the Bitstamp change, including roughly 2.44% over the previous 24 hours.        

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